On Wednesday, Federal Reserve Chairman Jerome Powell returns to Congress for a second day, typically repeating what he said Tuesday. The U.S. Commerce Department will have its report of the January U.S. trade deficit at 7:30 a.m. CST, followed by the Energy Department's weekly inventory report at 9:30 a.m. USDA's WASDE and Crop Production reports are at 11 a.m. and the Federal Reserve's Beige Book is at 1 p.m.
Weather
A wave of loosely organized showers was moving through the middle of the country from Minnesota to northeast Texas early Wednesday morning. Showers in this area will wane throughout the day, though thunderstorms are likely to develop over northern Texas later in the day. A system in the Rockies will start to exit into the Plains Wednesday night where showers will increase in dramatic fashion going into Thursday.