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Money

Whoa! on those interest rate cuts, the Fed says

The financial markets are getting ahead of themselves in a bad case of rate cut fever, Fed chair Jerome Powell, and St. Louis Fed President James Bullard both said today. This is a message that I've been waiting to hear as the financial markets moved to price in not a 25 basis point cut interest rates at the Fed's July 31 meeting, but a 50 basis point cut then and another 25 basis point cut in September. My thinking has been that if the Fed didn't begin to walk back market expectations soon, it meant that the central bank was comfortable with the market's projection. Turns out the Fed isn't.

How to Bridge Generations In a Family Business

Family-owned businesses employ 60% of the U.S. workforce. But keeping a company in the family for multiple generations can provide unique management challenges. Only 30% of family businesses survive the transition from first to second generation ownership, with 12% surviving the transition from second to third. If you’re a family member in a family business,…

The post How to Bridge Generations In a Family Business appeared first on Next Avenue.

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