As the market braces for the upcoming consumer price index (CPI) report, expectations are high for an increase in inflation driven by recent tariffs. Analysts predict that the inflation report may reveal the initial signs of these tariffs influencing underlying consumer prices, with a projected uptick in inflation for May. The Federal Reserve is closely monitoring these developments as a rise in consumer prices could delay any easing of interest rates. The stock market has reacted cautiously, with investors awaiting clarity on how these tariff-related pressures will shape economic forecasts. This situation has raised questions about the potential long-term effects on inflation and the broader implications for monetary policy.