As the Federal Reserve's interest rate decision looms next week, investors are on edge, aware that this could disrupt the ongoing stock market rally alongside rising bond yields. The latest consumer inflation data from August has sparked expectations of a rate hike, with the likelihood of a quarter-percentage point increase gaining traction. The Fed's forthcoming choice will play a crucial role in shaping the monetary policy landscape ahead.

LONDON, Sept 11 : A selloff in global equity markets paused on Friday as oil prices retreated from a four-month high, but accelerating U.S. consumer inflation prompted traders to…

A run of economic data has bolstered the case for a rate hike, including a rise in core consumer prices.

By Greg Robb and Joy Wiltermuth