US STOCKS-Wall St set to open lower as Sept rate hike back in focus
* Inflation to likely rebound - Fed's Fischer
* Major indexes poised to post biggest monthly loss since 2012
* Twitter rises after broker upgrade
* Futures down: Dow 173 pts, S&P 20 pts, Nasdaq 38 pts (Adds details, comment, updates prices)
By Tanya Agrawal
Aug 31 (Reuters) - 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.
Fischer's comments suggest the Fed could look beyond a week of stock market turmoil brought on by fears that China's economy is faltering.
"The market turmoil will continue in the near future. China is the catalyst, but the real reason for the selloff is the nervousness about the first U.S. rate hike," KBC senior economist Koen De Leus said. Continuación...