US STOCKS-Wall St dips as Sept rate hike back on the table
* Inflation to likely rebound - Fed's Fischer
* S&P 500, Nasdaq poised to post biggest monthly loss since 2012
* Twitter rises after broker upgrade
* Indexes down: Dow 0.94 pct, S&P 0.75 pct, Nasdaq 0.48 pct (Updates to open)
By Tanya Agrawal
Aug 31 (Reuters) - Wall Street opened the week in the red after comments from Federal Reserve Vice Chairman Stanley Fischer over the weekend 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 remarks suggest the Fed could look beyond a week of stock market turmoil brought on by persistent 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...