Wall St. set to open lower as September rate hike back in focus

August 31, 2015 1:03 PM

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Wall St. set to open lower as September rate hike back in focus

Wall Street was set to open lower on Monday after weekend comments from Federal Reserve Vice Chairman Stanley Fischer appeared to keep the door open for a rate hike in September.

U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Fed to raise interest rates gradually, Fischer said at the global central banking conference in Jackson Hole, Wyoming.

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