China has come under fire for not doing enough to rein in the rogue nation.
This year's third rate hike may be followed by three more in 2018, the Federal Reserve has indicated.
Slowing inflation and damage from two major hurricanes may still weigh on the Fed as it considers future changes in short-term interest rates.
The Fed will start balance sheet reductions in October.
As the Fed readies to decide on a September rate hike and a move to unwind the balance sheet, bank stocks were rising.