Stocks fall again as banks fall and oil prices rise
The Fed is still expected to hike rates, but now by only a quarter point. A week ago, the market was torn between whether the Fed would hike rates by a quarter point or half a point.
Fed Chairman Jerome Powell may talk more about the direction rates are heading in his semiannual testimony to Congress this week. He speaks before the House Committee on Financial Services on Wednesday and the Senate Banking Committee on Thursday.