US stock futures rose across the board on Tuesday as investors digested a report that the incoming Trump administration could hike tariffs step by step, with a key wholesale inflation reading on deck.

S&P 500 futures (ES=F) moved up roughly 0.4%, while those on the tech-heavy Nasdaq 100 (NQ=F) placed on 0.5%, each set to bounce back from Monday’s losses. Meanwhile, Dow Jones Industrial Average futures (YM=F) added 0.3% on the heels of a winning day for the blue-chip index.

President-elect Donald Trump’s team is considering a month-by-month rollout of promised tariff increases somewhat than imposing higher levels in a single move, Bloomberg reported, in a bid to assist prevent inflation spikes.

The likelihood that Trump’s policies will pump up price pressures has been worrying markets, as that would limit the Federal Reserve’s scope for cutting rates of interest. But gradual tariffs could still be “problematic” for the central bank’s efforts to complete the job of cooling inflation, a UBS strategist said.

After the tariff report, the dollar (DX-Y.NYB) retreated after a five-day winning streak, while the 10-year Treasury yield (^TNX) pulled back from the 14-month highs tapped in Monday’s bond sell-off.

The discharge of December’s producer price index later within the day will provide a temperature check on wholesale inflation and prepare the bottom for Wednesday’s heavily anticipated consumer inflation print.

On the company front, shares of KB Home (KBH) jumped almost 10% in pre-market trading after the house builder’s fourth quarter earnings beat estimates.

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