The U.S. Labor Department's consumer price index for May will be out at 7:30 a.m. CDT Tuesday and the Federal Reserve will begin its two-day meeting with a rate announcement due out Wednesday at 1 p.m. Traders will continue to keep close watch on the latest forecasts and will consider USDA's latest crop ratings from Monday afternoon.
Weather
A system wrapped up in the Great Lakes will bring scattered showers to some areas that missed out over the weekend on Tuesday. The front to that system has settled across the South, which will remain active today, potentially with more severe weather and heavy rainfall.