be closely watched, as michelle floury reports- floury reports. personal consumer floury reports. personal consumer expenditure l floury reports. personal- consumer expenditure measures how people spend their money. this is one of pieces of data closely watched by america s central bank. when the federal reserve officials raised rates by 0.25% this week to more than a two decade high, they said that they would be watching and monitoring incoming economic reports to help decide if another rate hike was warranted or if they were done. hot on the heels of that rate setting meeting, data showed that the us economy grew at a 2.4 % rate. it showed that they can pull off what economyists pulled off to as an immaculate tightening. in other words, while the fed may have been raising rates more quickly than anyone can remember in american history, it will end up having done so without having had to tip the economy into a recession. let s get more analysis on this
we ll hear anything on those costs today, but they ve been more of a focus into 03. but there s a always a risk with a new ceo taking over that there s a kitchen sink situation and he trieses to derisk future financial risks by decreasing risks now. thank ou ve by decreasing risks now. thank you very much by decreasing risks now. thank you very much for by decreasing risks now. thank you very much for your- by decreasing risks now. thank| you very much for your analysis this morning. to the us now where there is growing optimism the world s top economy can beat inflation and avoid recession. the federal reserve has raised interest rates to a 22 year high to bring that inflation under control raising fears it could severely damage growth pros pecks. but on thursday, official figures showed the economy growing much faster than expected between april and june. not only that, the fed s preferred measure of inflation slowed to just 3.8% ever closer to its 2% target. we get the figure fo