The U.S. Labor Department issues the consumer price index for November at 7:30 a.m. CST Tuesday. The Federal Reserve starts its two-day meeting with many expecting the federal funds rate to stay unchanged at Wednesday's conclusion. Traders continue to keep close watch on South American weather with an interest in soybean crop estimates for Brazil.
Weather
Much of the country is quiet early on Tuesday, though there is a disturbance building across the Southwest. That system will move into the Southern Plains Tuesday night and start to spread showers through Texas. The main punch of the storm will be from Wednesday through Friday, which could culminate in heavy precipitation for areas still wrestling with drought.