With careful planning, corporate leaders can often avoid substantial tax liabilities when they make a former captive's assets available to meet the future business needs of related entities.
Although the Fed and the Bank of England have not yet started cutting rates, the ECB follows counterparts in Canada and other parts of the world that have already started easing.
"Fed officials will view today's report as showing some cooling in consumer spending, which points to less inflationary pressure. Our view of the U.S. economy is not as optimistic."
