DXY | Market outlook

USD grows as investors await a two-day US Federal Reserve meeting starting on Tuesday. According to forecasts, the head of the regulator Jerome Powell announces the tightening of monetary policy, in frequency, the timing of the reduction in the volume of purchases of bonds. On Sunday, US Treasury Secretary Janet Yellen asked Congress to raise the federal debt ceiling. She told the Wall Street Journal that otherwise, the country could face a serious financial crisis, which would exacerbate the economic damage from the coronavirus pandemic. Yellen has previously stated that the Treasury is on the verge of running out of funds to repay existing debts.