As the US grapples with inflation rates not seen in over 40 years, concerns arise about the potential economic consequences for Latin America. The region still remembers the devastation of former US Federal Reserve Chair Paul Volcker's aggressive measures to combat inflation in the 1980s, which led to a lost decade of economic growth. With the Fed signaling their commitment to raising interest rates, many wonder if Latin America is prepared to handle the ripple effects that could follow.