Wednesday's reports start with December U.S. new home sales at 9 a.m. CST, followed by the Energy Department's weekly inventory report, including ethanol production at 9:30 a.m. Financial market watchers will tune in at 1 p.m. CST to hear the Federal Reserve's post meeting announcement. The federal funds rate will likely stay unchanged, but hints may be offered for an impending rate hike.
Weather
A batch of snow has moved south into the Texas and Oklahoma Panhandles Wednesday morning. The snow will weaken and eventually dissipate as it slides east later in the day. Cold air in the Midwest will push eastward throughout the day with a brief end to arctic air. But another cold front is gathering across southern Canada, ready to spread through the eastern half of the country Thursday and Friday.