Dollar, jobs should boost 'very weak' USA inflation: Fed's Dudley

US wholesale prices edged down 0.1 percent in July

Excluding energy services, there was a 0.2% increase in prices for the third successive month to give a 2.4% annual increase. There was a significant decline in gas prices for the month which dragged the overall energy index lower while gasoline prices were unchanged.

Price pressures weren't evident in any major category.

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The CBOE Volatility Index, a barometer of expected near-term stock market volatility, closed at its highest since the election. US stock indexes edged lower in early trading Tuesday, Aug. 8, 2017, pulling back from the markets most recent record highs.

The price of new motor vehicles declined for the 6th successive month to give a 0.6% decline over the year while the price of used cars and trucks declined 4.1% over the year. Wholesale energy prices sank 0.3% and food prices were flat. It's the first decline in services since the 0.3% drop in February.

In part he attributed higher jobless rates for blacks and Hispanics to technological changes and globalization that have harmed manufacturing and other middle- and lower-skill jobs, and called for better education and training policies to address it. On a yearly basis, PPI continued its downward path, slipping to 1.9% from 2% in June and missing the forecast of 2.2%.

Food poisoning takes Makwala out of 200 at worlds
Bahrain's Salwa Eid Naser, 19, claimed the silver in 50.06sec as defending champion Allyson Felix faded to get bronze in 50.08sec. Normal order was restored, however, in the night's other two finals with the United States going one-two in both.

The slowdown has surprised the Fed and prompted some senior central-bank officials to question whether further rate increases are merited in an environment of stubbornly low consumer prices and inflation.

Yet Dudley, a close ally of Fed Chair Janet Yellen and permanent voter on US monetary policy, said the declining dollar, which pushes up import prices, and the tightening labor market, which raises wages, "should combine to eventually push (month-over-month) inflation up".

Heathrow told to improve service for disabled passengers
Birmingham, Glasgow and Glasgow Prestwick, Humberside, Inverness and Norwich airports were all rated very good. Glasgow , Glasgow Prestwick and Inverness were among six United Kingdom airports described as "very good".

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