Before the open, investors will parse June inflation data to look for signs President Donald Trump's tariffs are fueling higher prices for consumers.

Futures tracking the Nasdaq and the S&P 500 edged higher on Tuesday as investors geared up for earnings from major Wall Street lenders as well as inflation data that could sway expectations around how soon the Federal Reserve will cut interest rates.

All eyes are on the June consumer price report that will allow investors to assess how Trump's tariffs have affected price pressures.