A global bond market selloff is putting the Federal Reserve's interest-rate decision under intense scrutiny, with investors divided over whether another rate hike or a pause would pose the bigger risk to the economy and financial markets, Reuters reported. The Fed is widely expected to raise its benchmark interest rate by 25 basis points at its meeting this week, following stronger-than-expected employment data and a pickup in U.S. consumer inflation in August. Markets are pricing in about a 76% probability of a quarter-point increase, while expectations point to a cumulative 50 basis points of hikes by the end of 2026, according to Reuters.