Press August 13, 2025 S&P Global Highlights Derivative Path’s Isaac Wheeler on Fed Rate Cut Outlook Fed watchers eye September as the turning point toward a sustained easing cycle. Isaac Wheeler Head of Balance Sheet Strategy S&P Global recently featured insights from Isaac Wheeler, Managing Director of Balance Sheet Strategy at Derivative Path, in their coverage of the latest U.S. inflation data and implications for Federal Reserve policy. In the article, Wheeler noted: The benign print should pave the way for a 25-basis-point rate cut in September and suggests we may finally transition from the one-time recalibration cuts of 2024 toward a sustained easing cycle.” This perspective underscores the market’s growing expectation that the Fed is moving beyond last year’s recalibration phase and may be entering a more traditional easing cycle. For banks and credit unions, these developments highlight the importance of preparing balance sheet strategies that account for shifting rate environments. 📖 Read the full S&P Global article here: July US inflation data muddies views on rate cuts, tariff impact
