Markets will notice a report on February U.S. housing starts at 7:30 a.m. CDT Wednesday, followed by the U.S. Energy Department's weekly inventory report at 9:30 a.m. Traders will examine the latest weather forecasts and watch for any export sales news. The Federal Reserve concludes its meeting and is expected to announce the federal funds rate target will stay near zero at 1 p.m. CDT.
Weather
Moderate to heavy rain and snow will cover much of the southern Plains and southern Midwest Wednesday. This stormy pattern includes blizzard warnings in the Texas and Oklahoma Panhandles, tornado threats in the southeastern Plains and flood risk in the southern Midwest. This stormy pattern is stressful for livestock, safety and transportation but provides continued soil moisture benefit.