The U.S. Energy Department's weekly report of energy inventories is at 9:30 a.m. CDT. Many expect the Fed to keep the federal funds rate unchanged at their 1 p.m. announcement, but a quarter-percent hike is possible. Traders will keep an eye on the latest weather forecasts with rain expected to start in the western Plains on Thursday.
Weather
A couple of disturbances in the middle of the country continue to produce showers on Wednesday, especially one moving through the Ozarks which may yield some areas of heavy rain. A front that has set up in the Northern Plains will also be active with periods of showers and thunderstorms as well. That is in advance of a system that will have a major influence on the middle of the country later this week and weekend.