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 retail sales for November will be released at 8:30 a.m. ET. Analysts expect retail sales declining 0.3% last month.
The flash Composite Purchasing Managers' Index for December is scheduled for release at 9:45 a.m. ET. The manufacturing index is projected to decline to 56.4 from prior reading of 56.7, while the services index might drop to 56.8 from 57.7.
Data on business inventories for October will be released at 8:30 a.m. ET. Analysts expect business inventories rising 0.6% in October.
The National Association of Home Builders’ housing market index for December is scheduled for release at 10:00 a.m. ET. The index is expected to decline slightly to 89 in December versus November's reading of 90.
The Atlanta Fed's Business Inflation Expectations survey report for December will be released at 10:00 a.m. ET.
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.
The Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET.