Several members of the Federal Reserve are also set to speak later on Tuesday, with particular focus on Chair Jerome Powell for any more cues on interest rates. Powell is set to have a discussion with Bank of Canada Governor Tiff Macklem.

Powell’s talk comes in the wake of increasing signs that U.S. inflation will remain sticky in the coming months, giving the central bank more impetus to keep rates higher for longer. Markets were seen largely wiping out bets on a June rate cut. 

The economic calendar includes the release of industrial production data for March, as well as the latest readings of housing starts and building permits, which will provide more insight into the health of the housing sector.