U.S. Housing starts and permits at 7:30 a.m. CST
EIA Petroleum Status report including ethanol production at 9:30 a.m. CST
FOMC Interest Rate Decision at 1 p.m. CST followed by Fed Chair Powell press conference
Weather
A system moving through the Midwest is producing a band of heavy rain and thunderstorms from northeast Texas through the Ohio Valley early Wednesday morning. That band of rain will sink south throughout the day but weaken, while spreading showers through the East Coast as well. A clipper system is forming in the Canadian Prairies and will be producing heavier snow there and into the Northern Plains throughout the day. Some mixed precipitation may occur on the southern end of the snow band through Wednesday night.