This article discusses the differences between the Federal Reserve's current economic situation in 2024 compared to 2016. Despite similar economic plans from the president-elect, the economy has changed significantly. In 2016, interest rates were raised and the pace of rate hikes increased for the following year. However, in 2024, inflation is higher, the labor market is precarious, and there are concerns about the impact of tariffs. The article mentions that there will be upcoming announcements from the Federal Reserve that may provide more insight into their plans, with the next policy-setting meeting scheduled for December 17-18.



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