The dollar index (DXY00 ) fell by -0.32% on Tuesday. The dollar retreated on Tuesday after US June consumer prices rose less than expected, a dovish factor for Fed policy. Also, the benign CPI report has reduced the chances of a Fed rate hike at the FOMC meeting later

Yahoo Finance's Markets and Data Editor Jared Blikre and Senior Business Reporter Brooke DiPalma join Julie Hyman on Market Catalysts to break down the June Consumer Price Index (CPI) report, what it means for the Federal Reserve's rate-cut outlook,

The Federal Reserve governor said he remains concerned about the elevated pace this year of core inflation, which excludes food and energy prices.

White House National Economic Council Director Kevin Hassett praises the June CPI report, noting it's the best inflation report in six years, with core inflation down to 2.6%. He highlights price

Bonds and stock futures are rallying on Tuesday after the June CPI report. Even bitcoin has seen a boost. At least one Wall Street strategist sees more upside ahead for risky assets as traders dial back expectations for interest-rate hikes in 2026.

A June inflation report and the Federal Reserve chair's testimony will provide a look at where the economy has been and where it's headed.

Speaking at the New York Association for Business Economics on Monday, Waller said the Federal Open Market Committee is at a "crossroads" as it weighs persistent inflation against a still-resilient economy.

U.S. stock futures shot higher on Tuesday after the June CPI report showed consumer prices fell by a larger than expected margin last month. Headline prices fell by 0.4% in June as oil prices sank, according to official data.