Wall Street to open lower as investors fret over Sept rate hike

September 12, 2016 1:04 PM

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Wall Street to open lower as investors fret over Sept rate hike

Wall Street was set to open lower on Monday, deepening wounds from Friday, as investors sold off riskier assets following increasing evidence of a U.S. interest rate hike as early as next week.

Even as the Federal Reserve has given little indication on the timing of the next rate hike, investors have taken cues from a number of top central bank officials hinting at a possible raise at the Fed's next policy-setting meeting on Sept. 20-21.

Also read: India cenbank says to withdraw temporary cash reserve ratio hike

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