Wall Street’s major benchmarks slipped on Monday as investors positioned for Tuesday’s U.S. consumer-price index, a release that could reshape expectations for Federal Reserve policy. The Dow Jones Industrial Average fell 0.45% to 43,975.09, the S&P 500 lost 0.25% to 6,373.45 and the Nasdaq Composite eased 0.30% to 21,385.40. Futures trading implies roughly 60 basis points of rate cuts by year-end, but analysts warn a hotter CPI reading could erase hopes for a move as soon as the Fed’s September meeting. Trade policy remained in focus after President Donald Trump signed an executive order that extends for 90 days a pause in sharply higher tariffs on Chinese imports, averting the immediate Aug. 12 escalation and pushing the deadline into mid-November. Markets largely took the extension in stride, but strategists said the decision reduced one source of near-term volatility while leaving longer-term trade uncertainty intact. Separately, a U.S. official told Reuters that Nvidia and Advanced Micro Devices agreed to remit 15% of revenue from sales of their most advanced chips to China back to the U.S. government. Analysts said the levy could squeeze margins and set a precedent for taxing other high-tech exports. In Asia, equity futures pointed to a subdued open and oil extended its slide, with West Texas Intermediate crude falling for the seventh time in eight sessions ahead of a meeting later this week between Trump and Russian President Vladimir Putin in Alaska. Traders said the combination of soft energy prices, unresolved trade talks and the looming inflation data is likely to keep risk appetite in check until the CPI figures are released.