Bernakes comments on the continued rise.....

Bernakes comments on the continued rise in energy prices since the June 29 FOMC meeting will be closely eyed, but his recent remarks before the Economic Club of Chicago on June 15 noted that "the rate of pass-through of higher energy and other commodity prices to core consumer price inflation appears to have remained relatively low in the current episode"

Thus the core inflation number today will be crucial.
The Fed funds futures market is currently implying a 70% Chance of another 25 bps rate hike at the August Meeting.