"Wall Street Braces for Key Inflation Data Amidst Stock Market Slip"

U.S. stocks slip as Wall Street awaits a report on inflation, with the S&P 500 and Dow Jones down 0.5% in morning trading. Expectations for interest rate cuts have buoyed the market, but the trend for inflation has been mostly downward. Fed Chair Jerome Powell indicated confidence in inflation easing, with expectations for rate cuts in June. Gold and Bitcoin rally on expectations of easier rates. Nvidia and natural-gas producer EQT experience stock movements, while global stock markets show mixed performance.