A report on U.S. retail sales for August is due out at 7:30 a.m. CDT Tuesday, followed by U.S. industrial production in August at 8:15 a.m. The Federal Reserve begins its two-day meeting and, according to CNBC.com, traders are expecting either a quarter-percent or half-percent reduction in the current federal funds rate range of 5.00% to 5.50%.
Weather
A small tropical low that was never named continues in the Mid-Atlantic with some showers for Tuesday. A bigger storm system is developing in the Northern Plains, and is likely to produce widespread areas of showers and thunderstorms across the Plains and into the Canadian Prairies, some of which may be severe Tuesday afternoon and evening.