"Consensus across the floor, given parameters laid out by the Fed Leadership, sees 25bp or above on Core CPI as the threshold above which the Fed acts."

Analysts expect US core CPI to fall to 2.3%-2.4% year-over-year in August, down from July's 2.5%, ahead of the September FOMC meeting.

"Consensus across the floor, given parameters laid out by the Fed Leadership, sees 25bp or above on Core CPI as the threshold above which the Fed acts."