Oil inventories and Powell off the agenda
US markets will be closed tomorrow due to a national day of mourning for George H. W. Bush. Notably, Fed Chair Powell was supposed to testify but that has been cancelled. The Beige Book, however, will be released as planned.
Weekly US oil inventories, the ADP employment report, the ISM non-manufacturing report and the Markit services PMI will also be delayed by a day. That will make for a very busy day of data on Thursday.
