The central bank is acting because, after 11 rate hikes since March 2022, it feels confident that inflation is finally mild enough that it can begin to ease the cost of borrowing.
News
Local, state and national news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Federal Reserve cuts key interest rate by sizable half-point, signaling end to inflation fight
The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing.
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Posted inCommunity
Ridge Rambler Square Dance Club to offer lessons
The lessons are held from 6:30-8 p.m. every Wednesday at the Jonathan Bowman Center at 129 Hartland Road in St. Albans.
Posted inCommunity
Central Maine Square Dance Club to give dance lessons
The lessons are held from 6:30-8 p.m. every Tuesday at the George Mitchell School on Dutton Street in Waterville.
Posted inCommunity
Scholarships recognize emerging college leaders
Local students are from South Paris, Pittston and Harrison.
Posted inNation & World, News
Lebanon rocked by second wave of exploding devices as Israel declares a ‘new phase’ of war
Lebanon’s health ministry says one person was killed and over 100 were wounded by exploding electronic devices.
Posted inNation & World
Justice Department sues over Baltimore bridge collapse, seeks $100 million in costs
The lawsuit filed alleges that the electrical and mechanical systems on the cargo ship that caused the collapse were improperly maintained.
Posted inMaine, Morning Sentinel, News
3 injured in UTV crash Sunday in Solon
The driver of the vehicle was taken to a Portland hospital for treatment of his injuries, the Maine Warden Service said.
Posted inCommunity
UMaine Augusta to host Cyber Range Open House Sept. 18
AUGUSTA — A Cyber Range Open House is set for 6-8 p.m. Wednesday, Sept. 18, at the University of Maine at Augusta Cyber Lab in the Randal Student Center, Room 246, 46 University Drive. The open house will also be available in real time via Zoom for those unable to attend in person. Attendees can […]
Posted inCommunity
Explore Maine’s aquaculture industry with new virtual field trips from 4-H
University of Maine Cooperative Extension 4-H is launching of virtual field trips, a way for youth learners to explore Maine’s aquaculture industry. These immersive online experiences bring aquaculture to life, offering participants the chance to step inside cutting-edge facilities and learn directly from industry experts. Through the power of virtual reality and accessible browser-based tools, […]