Wednesday morning starts with a report of U.S. retail sales and producer prices for January at 7:30 a.m. CST, followed by U.S. industrial production at 8:15 a.m. At 1 p.m. CST, the Federal Reserve will release minutes of the latest FOMC meeting. Traders will keep a close eye on the latest weather forecasts and any export sales that develop. Due to this week's holiday schedule, the U.S. Energy Department's weekly inventory reports are moved to Thursday.
Weather
Bitter cold conditions will again cover the central U.S. Wednesday; however, some easing of the cold will be noted after record-breaking cold earlier this week. More ice storm conditions are likely in southeastern Texas. We'll also see snow from the Deep South north to the western Midwest.