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.
All eyes on the Federal Reserve this week. For several reasons, the latest FOMC meeting will be huge.
The market's resilience is a function of lemming-like behavior amid economic and global conditions that are less secure than many believe.