Markets
With U.S. crops in the ground, Wednesday likely starts with a check on the latest weather forecasts. The U.S. Labor Department reports on consumer prices at 7:30 a.m. CDT, followed by the Energy Department's weekly report of energy inventories at 9:30 a.m. The U.S. Treasury reports on the federal budget at 1 p.m. CDT, the same time the Federal Reserve concludes its two-day meeting with an announcement.
Weather
Wednesday will see additional shower and thunderstorm activity across the Midwest. Rainfall will be light to locally moderate. Flash flood risk is still high in portions of the western Midwest. Strong thunderstorm winds are also likely throughout the central U.S. The rain will also be accompanied by notably cooler conditions. We'll also see light rain in the Southeast while dry conditions remain in effect over the southern Plains.
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