Manufacturing indices from around the world will roll in early Wednesday morning. The ISM index of U.S. manufacturing is set for 9 a.m. CDT, followed by the Energy Department's weekly inventory report at 9:30 a.m. At 1 p.m., the Federal Reserve will conclude its meeting with a rate announcement, expected to stay unchanged, and will be followed by a press conference with Chairman Jerome Powell. At 2 p.m., NASS will release its monthly Fats and Oils report.
Weather
Yet another system in the long line of disturbances that is keeping the weather pattern active will be moving into the Central and Southern Plains on Wednesday. Scattered showers and thunderstorms are forecast throughout the Plains and Prairies as well as parts of the Midwest, but severe storms will be possible from southern Nebraska southward that may also cause some heavy rainfall.