April's Consumer Price Index (CPI) is expected to show the first clear signs of inflationary impacts from President Trump's tariffs. The report, set for release at 8:30 a.m. ET on Tuesday, will greet investors less than 24 hours after markets soared on news the US and China have placed a 90-day pause on a wide swath of tariffs between the two

Consumer Price Index is expected to increase from March as some categories bounce back from an unusually soft reading. Tariffs aren't yet expected to be a big factor. Fitch Ratings Chief Economist Brian Coulton said it's "a bit early to see firm evidence of tariff hikes in the April CPI data.

Follow live coverage and analysis of the April consumer price index release, due out on Tuesday morning. The inflation report should show some early impact of tariffs.