^th June or When, Exactly? FOMC statement

Information received since the Federal Open Market Committee met in March indicates that labor market conditions have improved further even as growth in economic activity appears to have slowed. Growth in household spending has moderated, although households' real income has risen at a solid rate and consumer sentiment remains high.

A Self-Perpetuating Cycle for the Fed and Banks blog post

Higher interest rates are usually a positive for banks, because they can then raise interest rates on loans faster than they increase interest paid on deposits. Higher rates would create the possibility for greater profitability, especially at a time when banks are facing pressure from loans tied to the oil and gas industries.

Businesses Wait for the Fed Too

Uncertainty about the Fed's thinking about interest rates, the election, and the Great Recession resonates with many. These factors are resulting in some reluctance to invest in new equipment.