The US dollar against most currencies rose slightly during trading in the Asian period on Tuesday after yesterday's tight movement. Monetary policy officials at the US central bank will meet on Tuesday and continue until tomorrow, Wednesday, followed by an interest decision and expectations indicating a steady 5.5%, then the economic outlook and Jerome Powell's press conference.
It comes amid fears of renewed inflationary pressures as oil prices soar and approach $100 levels, as investors fear higher interest will continue for longer than previously expected.
As investors await any signals from the policy statement or council chairman "Jerome Powell" on Wednesday, about the U.S. central bank's possible short-term directions.
U.S. Treasury Secretary Janet Yellen also said she sees no signs that the U.S. economy is slowing, but warned that Congress' failure to pass legislation to keep the government running risks slowing momentum in the economy.
And I see no signs that the economy is at risk of contraction, as we have a good, strong job market and job opportunities are still high.
As for strikes by workers in the U.S. auto industry, the Treasury secretary said it was too early to know the economic impact, as it depends on how long the strike, which they are trying to negotiate and reach a settlement with workers to end, continues.
On the other side, we are also awaiting on Thursday the interest decision from the Bank of England and the Swiss National Bank as well.
