5 things to know before the stock market opens Tuesday

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Here are the most important news items that investors need to start their trading day.

Brendan McDermid | Reuters1. Taking the economy's temperature

The government's latest inflation reading is set to drop at 8:30 a.m. ET. Economists polled by Dow Jonesto come in showing a year-over-year growth rate of 7.3%, which would be down from the 7.7% pace in October. The report will hit just as the Federal Reserve's policy makers kick off their two-day meeting, during which they'll decide on their next rate hike, which is widely expected to be half a percentage point.

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