It’s interesting to see the way different parts of the world work outside of the Western economies. Brazil moved on interest rates starting last year. Previously at 2%, the central bank now has its rate set at 10.75%.
The central bank has moved interest rates much more in line with inflation versus the US:
I guess the interesting thing to think about is if the US were to move rates up to match inflation, they would be well north of 6% versus almost zero today. Something to think about.