Economic Data Scheduled For Wednesday

• The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET.
• Data on existing home sales for August will be released at 10:00 a.m. ET. Existing home sales recovered sharply to a 5.990 million annual rate in July. Analysts expect August’s sales to decline slightly to a 5.900 annual rate.
• The Energy Information Administration’s weekly report on petroleum inventories is scheduled for release at 10:30 a.m. ET.
• The Federal Reserve will announce its policy decision at 2:00 p.m. ET.
• Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET.

Check out the full economic calendar here