Wall Street down ahead of Fed meet as financials weigh

The Federal Open Market Committee (FOMC) will commence its two-day meeting to decide whether the U.S. economy has recovered enough to be able to absorb an interest rate hike. While traders have discounted a rate increase this month, they will parse Fed Chair Janet Yellen's speech at a conference on Wednesday for clues on the health of the economy and the trajectory of hikes. Yellen, who had dropped hints last month of a rate hike in the near term, was more vague on the timing last week after a d