S&P Futures are flat to lower this morning. The catalysts today are the release of the Fed's meeting minutes due out this afternoon. The minutes are expected to provide traders with additional clarity on the future path of interest rates. Oil is trading higher on tight supply. The yield on the benchmark 10-year Treasury note was down to 2.729% from 2.758% on Tuesday. The U.S. Treasury Department moved to cut off Russia's ability to make payments on its dollar-denominated sovereign debt, putting Russia on a path toward defaulting on its foreign debts this summer and deepening the country's economic isolation after its invasion of Ukraine. This afternoon we have earnings announcements due out from Nvidia, Snowflake, Splunk, Williams Sonoma, Box, and others.
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