The U.S. Labor Department's consumer price index for March will be out at 7:30 a.m. CDT Wednesday, followed by the Energy Department's weekly inventory report at 9:30 a.m. Minutes from the latest Federal Reserve meeting are set for 2 p.m., the same time as the Treasury Department's monthly report on the federal budget for March and USDA's release of Historical Crop Production.
Weather
A storm system that has already brought flooding rain to portions of the Delta region this week continues to develop on Wednesday across the same area. In addition to the heavy rain, severe weather looks likely near the Gulf Coast as well. The storm system will move northeast into the Midwest Wednesday night and into Thursday, spreading rainfall to more areas of the country.