US stocks today: US stocks end higher as strong inflation data cements rate-hike bets

US stocks ended higher on Friday as accelerating consumer prices strengthened expectations of a Federal Reserve rate hike next week. The Dow, S&P 500 and Nasdaq all gained, while Dell surged to a record high. Oil prices fell but remained sharply higher for the week amid concerns over Middle East supply disruptions. The US Federal Reserve announced its decision to raise interest rates, citing rising inflation rates. The Consumer Price Index (CPI) rose 9.1% in August, surpassing expectations. The decision is the fourth rate hike this year and is expected to impact borrowing costs. The Federal Reserve also announced its plan to sell $41 billion worth of government bonds. The move is seen as a step to reduce inflation. Stronger inflation data has led to concerns about the impact on the global economy. The Fed's decision comes amid concerns over Middle East supply disruptions, which have pushed oil prices up. The Middle East supply disruptions are largely due to the conflict in Yemen. The US stocks are expected to continue to rise as investors take advantage of the rate hike. The Dow Jones Industrial Average (DJIA) rose 123 points, while the S&P 500 index gained 37 points. The Nasdaq Composite index also rose 56 points. The Fed's decision has been welcomed by investors, who see it as a sign of the central bank's ability to manage inflation. However, the move has also been criticized by some, who argue that it will increase borrowing costs for consumers and businesses. The Fed's decision will have a significant impact on the global economy, particularly in emerging markets. The Fed's plan to sell $41 billion worth of government bonds is seen as a step to reduce inflation. The move is expected to reduce the upward pressure on interest rates. The Fed's decision comes after a year of rising inflation rates, which have seen the CPI rise 9.1% in August. The Fed's plan to sell $41 billion worth of government bonds is seen as a step to reduce inflation. The move is expected to reduce the upward pressure on interest rates.