Wall St Week Ahead Hopeful U.S. stock rally set for date with Federal Reserve reality

The S&P 500 is up 8% from its recent low. The market is starting to believe that there is an endgame in sight for this huge global tightening cycle. Investors are looking for hints of future policy moves in the Fed's press conference. The S & P 500 was on pace to end the week with a gain of over 3%. It is accompanied by a sharp rally in U.S. Treasuries and a weakening of the dollar. It's also been accompanied with smaller than expected rate increase by the Bank of Canada. There are also signs that some of world's central banks may be nearing the end of their rate hiking cycles.