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Wednesday, May 3, 2023

Wednesday Watch List

The U.S. Energy Department's weekly report of energy inventories, including ethanol production is set for 9:30 a.m. CDT Wednesday. The Federal Reserve concludes a two-day meeting with a widely anticipated interest rate announcement at 1 p.m. Many are expecting a quarter-percent increase in the federal funds target to an upper limit of 5.25%.

Weather

A storm system continues its slow movement through the northeast where showers will be possible, but most areas of the country are becoming dry. The exit of the system will mean rising temperatures for the next couple of days. In the warmth, isolated showers will be possible for the Central and Southern Plains.