Wall St Week Ahead: Fed meeting in focus

The Fed's two-day monetary policy meeting could present the next major obstacle for markets. — Reuters

NEW YORK: The Federal Reserve's balancing act between concerns about a weakening labour market and still above-target inflation will take centrestage for investors in the coming week as they weigh risks to the rally in the US stock market.

The benchmark S&P 500 has rebounded sharply over the past two months as worries about the impact of trade barriers on the economy have eased since President Donald Trump's "Liberation Day" announcement on April 2 sent the market plunging.