The dollar index steadied near 99 on Tuesday after coming under pressure in the previous session, as investors awaited the latest consumer inflation report for clues on the Federal Reserve’s policy path. Markets are pricing in two Fed rate cuts this year starting in June, although any upside surprise in inflation could limit the central bank’s room to ease. Last week’s nonfarm payrolls report showed job growth came in below forecasts for December, reinforcing a more dovish outlook for Fed policy. Investors are also awaiting a US Supreme Court ruling on the legality of President Donald Trump’s tariff policies, with a decision expected on Wednesday. Meanwhile, the dollar weakened on Monday after federal prosecutors threatened to indict Fed Chair Jerome Powell over his testimony to Congress on a building renovation project, heightening concerns about the central bank’s independence.