Why more people are quitting their jobs, and why that’s good
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"The Fed is not going to get behind the curve in terms of dealing with inflation"
That’s according to Diane Swonk, chief economist at Grant Thornton. She says the latest minutes from the Federal Open Market Committee’s meeting show that the Fed is more concerned that the upside risks to inflation are greater than the downside risks. That’s good news for markets, because it means the Fed will be quicker to act on reining in inflation when necessary. Swonk also commented on the latest weekly jobless claims data, which showed the number of Americans filing for unemployment benefits rose slightly last week even while the economy and the job market appear to be rebounding.