Stocks dip, bonds fall as CPI keeps Fed on course

Global equity markets dipped modestly Friday but remained near record highs, while the yield on U.S. government debt rose as a gain in core consumer prices in April should keep the Federal Reserve on course to raise interest rates later this year. Fed Chair Janet Yellen is expected to acknowledge recent sluggishness in the U.S. economy, including a near-stagnant performance in the first few months of the year, in a speech slated for 1:00 p.m. ET (1700 GMT). Yellen also will highlight the economy