RIO DE JANEIRO, BRAZIL - To contain escalating inflation in the United States - which closed last year at its highest level in 40 years, amid bottlenecks in production chains exacerbated by the pandemic - the US Central Bank, the Federal Reserve (Fed), plans to start a new short-term cycle of interest rate hikes.
The US monetary authority has signaled that the first increase since 2018 should be announced at the March meeting, when it is expected to also suspend the financial stimulus it has been launching in the economy to tackle the impacts of the pandemic on economic activity.
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