US DATA: RECORD CELL PHONE PRICE JUMP BOOSTS CORE CPI August inflation data carried a hawkish signal as wireless phone service prices surged 5.9% — the largest increase on record. The jump alone added around 0.08 percentage points to core CPI and will also feed into core PCE. Housing inflation was softer than expected, but its lower weighting in PCE means the underlying picture could still keep pressure on the Fed.(*Walter Bloomberg)