U.S. Core CPI was lighter than expected for the fifth straight month as slowing services inflation helped to offset higher goods prices.

Consumer Price Index (CPI) report will be released on the morning of Tuesday, July 15. Yahoo Finance Senior Reporter Allie Canal breaks down what Wall Street is watching for in the key data release. To watch more expert insights and analysis on the latest market action,

Economists and monetary policymakers have been trying to figure out exactly how much U.S. tariffs on goods will affect inflation. That's a task complicated by the evolving tariff situation, as President Trump sends letters to trading partners announcing tariff levels ranging from 20% to 50%.

Cryptocurrency markets are trading lower on Tuesday morning as fears of whales taking profits grip influence sentiment. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $116,541.21 Ethereum (CRYPTO: ETH) $2,

South Africa’s central bank Governor Lesetja Kganyago signaled confidence that inflation would remain within its target for the next two years, despite uncertainties stemming from US tariffs.

While pundits looked with their magnifying glasses for tariffs in consumer goods prices, it was in services, which are not tariffed, where inflation took off again.

Both the S&P 500 (.SPX) and Nasdaq (.IXIC) - and by extension, MSCI's world equities index (.MIWD00000PUS) - retreated from record peaks after traders shaved back bets of U.S. rate cuts this year as prices rose for things such as coffee and couches, while staying steady for tariff-exempted (for now) items such as cars.