Wall St set to open higher as bank fears ebb, focus on Fed

WALL Street's main indexes were set to open higher on Tuesday as the rescue of Credit Suisse calmed nerves about a bigger banking crisis, while investors awaited the outcome of the Federal Reserve's monetary policy meet.

Traders now largely expect a 25-basis-point rate hike after the Fed's two-day meeting concludes on Wednesday, half the 50 bps increase expected before the banking crisis triggered by the collapse of Silicon Valley Bank and Signature Bank earlier this month.