For investors, the July CPI print was just right, as it raised the odds of a rate cut at the next Fed meeting while showing that inflation isn't spiraling.

U.S. stock index futures rose on Tuesday after largely in-line consumer prices data kept bets of a Federal Reserve interest rate cut in September in tact. A Labor Department report showed the Consumer Price Index (CPI) rose 0.

Market participants price out worst-case scenarios for tariffs and inflation and will now turn their attention to employment and growth.