Wall Street anticipates higher opening as inflation data looms and bank concerns ease.

US stocks are set to open higher as fears of a banking crisis ease and investors focus on key consumer spending data for cues on the Federal Reserve's policy path. The banking turmoil, which started earlier this month with the collapse of two regional US lenders, had sparked concerns about a broader financial crisis and led to a dramatic shift in monetary policy expectations from the Fed. Investors await the February reading of personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, due on Friday.