βWireless phone service prices rose 5.9% m/m, the largest increase on record. At roughly 1.3% of CPI, that single category added about 0.1 point to core. Without it, core was about 0.22%, right at consensus. That's the best argument doves have: the upside came from one likely one-off category, not broad pressure.β
on Fed Decision in September? β No change