The U.S. Labor Department's consumer price index for May will be out at 7:30 a.m. CDT Wednesday. The U.S. Energy Department's weekly energy inventory report is at 10 a.m., followed by USDA's WASDE and Crop Production reports at 11 a.m. The Federal Reserve's interest rate announcement is set for 1 p.m., followed by the Fed Chairman's press conference and the Treasury Department's report on the federal budget for May.
Weather
A small system and front will move across the Upper Midwest for Wednesday. Some isolated showers are there already Wednesday morning, but increasing temperatures will lead to potential for severe storms in the region later in the day and Wednesday night. The rest of the country is largely dry outside of the Florida Peninsula, where heavy rain is falling.