Wednesday is another big day in terms of both economic news and earnings releases, with the FOMC Meeting concluding and two key manufacturing numbers due out. On the earnings front, Tesla is the most notable company to report on Wednesday.
Both the ISM Manufacturing Index and the Markit U.S. Manufacturing PMI are expected to have good releases, although the ISM index is expected to be down from June, while remaining near the cycle high. Continued strength in U.S. manufacturing is another supporting factor for the U.S. economy that FOMC Chairman Jerome Powell discusses frequently at recent press events.
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