Morning Traders!
It is Wednesday the 4th of October, here are some things to look out for today.

The removal of Kevin McCarthy as speaker of the US House of Representatives has thrown Congress into a power struggle as it races against time to approve funding for Ukraine and avoid a government shutdown. Treasury Secretary Yellen stated that the surprisingly resilient US economy has led investors to wonder what it will take to reduce inflation, but she questioned whether that would need keeping interest rates high for an extended length of time. According to the International Monetary Fund, central banks have a higher chance of controlling inflation without experiencing a recession if they improve the way they convey monetary policy.

08:15 AM ET
US ADP Employment Change for September
Median Forecast: 150K | Prior: 177K | Range: 228K / 102K

09:45 AM ET
US S&P PMI for September
Services - Median Forecast: 50.2 | Prior: 50.2 | Range: 50.4 / 40.2
Composite - Median Forecast: 50.1 | Prior: 50.1 | Range: 50.3 / 50.1

10:00 AM ET
US Factory Order MoM for August
Median Forecast: 0.3% | Prior: -2.1% | Range: 2% / -0.5%

US ISM Services PMI for September
Median Forecast: 53.5 | Prior: 54.5 | Range: 55 / 52

10:30 AM ET
Weekly EIA Inventories
Crude - Median Forecast: 0.05M | Prior: -2.169M | Range: 2.6M / -1M


10:00 AM ET
ECB's Panetta chairs planei at monetary policy conference in Frankfurt.

10:25 AM ET
Fed's Bowman delivers the keynote address at a community banking research conference at the St. Louis Fed. Text expected but no Q&A.

10:30 AM ET
Fed's Goolsbee  delivers welcoming remarks at the Chicago Payments Symposium. Text to be determined but no Q&A.

12:00 PM ET
ECB's lagarde speech by ECB President Christine Lagarde for Minouche Shafik as President of Columbia University in New York.

15:00 PM ET
Fed's Goolsbee moderates a discussion with former Reserve Bank of India Governor Raghuram Rajan, the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago's Booth School.