The U.S. consumer price index for July is due out at 7:30 a.m. CDT Wednesday, a report will likely factor into the Federal Reserve's next interest rate decision in September. The U.S. Energy Department's weekly energy inventory report will follow at 9:30 a.m.
Weather
A system is slowly moving into the Northern Plains on Wednesday. There are already areas of showers and thunderstorms out there southeast into Missouri Wednesday morning. The system slowly shifts eastward through the Western Corn Belt throughout the day with showers and thunderstorms continuing. Severe storms will be most likely in the Mid-Missouri Valley this afternoon and evening.