Home Markets Markets await the Fed’s meeting in the week ahead

Markets await the Fed’s meeting in the week ahead

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U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March 3, 2020.

Kevin Lamarque | Reuters

Stocks could trade sideways as investors await the outcome of the Federal Reserve’s June meeting next Wednesday afternoon.

The Fed’s two-day meeting is the big event for markets in the week ahead. Although the central bank is not expected to take any action, it could make tweaks to its forecasts for interest rates and inflation that market pros say could be market moving.

Stocks meandered Friday and the S&P 500 finished at a new high, garnering a 0.4% gain for the week.

“Markets have to get past Wednesday before anyone makes huge bets,” said Scott Redler, chief strategic officer at T3Live.com. “It’s really that the Street’s looking at…

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