Following a record high reading of the NFIB Small Business Optimism Index and the JOLTS Job Openings number on Tuesday, Producer Price Index will be the key piece of data out on Wednesday. The PPI release is the first of two major inflation releases this week and both are expected to show stable inflation numbers.

Also due out on Wednesday is the FOMC Beige Book ahead of the September meeting in two weeks, where the FOMC is expected to raise the Federal Funds Rate Target to 2.00%-2.25%.

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