Investors are focused on the July U.S. Consumer Price Index, due at 8:30 a.m. New York time on Tuesday. Economists surveyed by major forecasters expect headline inflation to rise 0.2% from the previous month and tick up to 2.8% on an annual basis from 2.7%. Core prices, which exclude food and energy, are seen advancing 0.3% month-over-month, leaving the year-over-year rate around 3.0%-3.1%. The report will be parsed for signs that the 145% tariff on Chinese goods, introduced in April, is passing through to consumers and for shifts in the goods-versus-services price mix. Equity futures were trading lower ahead of the release, while Treasury yields and the dollar held steady, underscoring the data’s potential to influence Federal Reserve rate-cut expectations and near-term market direction.