Global stocks weighed by U.S. Fed watch; oil rises

By Rodrigo Campos NEW YORK (Reuters) - Stocks fell on Wall Street Tuesday after strong U.S. inflation data increased the probability of a rate hike from the Federal Reserve, while a global gauge of stocks cut its gains. The U.S. dollar lost ground against a basket of currencies. U.S. consumer prices recorded their biggest increase in more than three years in April, pointing to a steady inflation build-up.