Wall St Week Ahead: Fed outlook in focus

"The Fed is one of the few levers that can be pulled in a timely fashion that can support market activity," said Dominic Pappalardo, chief multi-asset strategist at Morningstar Wealth. — Reuters

NEW YORK: The Federal Reserve meeting in the coming week is set to test the US stock market's sharp rebound, with investors hoping the central bank is poised to resume lowering interest rates in the months ahead.

During the rally, stocks have erased the slump set off by President Donald Trump's sweeping tariffs. After gaining on Friday, the S&P 500 was up 0.3% since April 2, when Trump's "Liberation Day" tariff announcement sent stocks plunging and led to some of the market's most volatile swings in 50 years.