Atlanta Federal Reserve President Raphael Bostic says shifting trade policy makes it difficult for businesses to plan for the long term.

Markets are all in on predicting that the Federal Reserve will cut interest rates at the next policy meeting on Sep. 17. Click to read.

The core index that omits energy and food costs also rose by 0.3% in June, but the annual rate ticked up to 2.8% from 2.7% and slightly above forecasts. Personal spending rose by 0.3%, below the 0.4% forecast but still suggesting consumers are willing to continue shopping.