US STOCKS-Wall St set to open lower on NY Fed chief's comments
* Dollar index drops 1.1 pct
* CPI index flat in July vs 0.2 pct rise in June
* Futures down: Dow 28 pts, S&P 3.75 pts, Nasdaq 7 pts (Adds details, comments, updates)
By Yashaswini Swamynathan
Aug 16 (Reuters) - Wall Street was set to open slightly lower on Tuesday after New York Federal Reserve President William Dudley said an interest rate hike in September was possible.
"We're edging closer towards the point in time where it will be appropriate I think to raise interest rates further," Dudley, a permanent voting member of the Federal Reserve, said in an interview on Fox Business Network.
Dudley's comments raised expectations among traders of an interest rate hike this year. They now see a 12 percent chance of a hike in September, up from 9 percent before Dudley's comments.
That measure increased to 37.8 percent from 37.4 percent for December, according to CME Group's FedWatch tool.
The minutes of the Federal Reserve's July meeting, expected to be released on Wednesday, will offer further clues on when the central bank would be able to raise rates and its take on the health of the economy. Continuación...