The closely watched core price index, which strips out some volatile food and energy prices, climbed 0.15% in early July, compared with 0.22% a month earlier. The 12-month core rate came in at 4.25%.

The foreign affairs exemption also appeared in the administration’s procedures for deciding if automakers qualify for relief from additional tariffs under the U.S.-Mexico-Canada Agreement. Rulemaking ...

The Treasury Department, for the first time, used a new authority to require U.S. financial institutions to cut ties with three Mexico-based banks for laundering money on behalf of cartels.

In contrast, 12-month core inflation, often seen as a better gauge of price trends because it strips out highly volatile food and energy prices, accelerated to 4.24% from 4.06% in May, hitting its ...