The Fed is seeking to strike a delicate balance: It wants to keep rates high enough for long enough to quell inflation, but also wants to avoid keeping borrowing costs so high that it triggers a recession.
News
Local, state and national news from the Kennebec Journal and Morning Sentinel.
Posted inElection 2024, Lewiston-Auburn, Maine
U.S. House speaker aims to rally Republicans in Auburn next week
U.S. House Speaker Mike Johnson plans to open a ‘battle station’ office to boost Austin Theriault’s congressional hopes.
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Posted inMaine, Morning Sentinel, News
Norridgewock voters fill vacancy on Select Board, approve purchases
Charles A. Farrand, 65, was elected to fill the Select Board seat formerly held by Cheyenne Goodrich, who resigned effective May 31.
Posted inMaine, Maine Crime
Details emerge in manslaughter case involving death of Owls Head toddler
In a hearing to reconsider Aziayh Scott’s bail, prosecutors said Scott made numerous calls to his girlfriend from jail, asking her to tell police that he didn’t kill her 2-year-old son.
Posted inMaine Crime, News
Dixfield man charged with possessing methamphetamine, crack cocaine
Antone Morris, 37, was charged after Franklin County deputies conducted a bail check on another person at a home in Washington Township.
Posted inCommunity
Spaces available for benefit in Skowhegan Oct. 12
Proceeds will benefit the Somerset Humane Society Animal Shelter in Skowhegan.
Posted inCommunity
United Way of Kennebec Valley raises over $23,500
The tournament, held on July 29 at the Augusta Country Club, saw participation from 30 teams and received sponsorship from 31 businesses.
Posted inMaine Crime, News
GoFundMe page set up for girls killed in Mechanic Falls
The bodies of the two sisters were discovered Saturday in their apartment following a welfare check.
Posted inCommunity
Art of rug hooking to be shared in Damariscotta Aug. 11
DAMARISCOTTA — Textile artist Kathie Hills plans to demonstrate and discuss the art and craft of hooking rugs from noon-4 p.m. Sunday, Aug. 11, at the historic Chapman-Hall House at 270 Main St. The demonstration is free. Hills will demonstrate the craft and exhibit pieces she has created. She learned the craft from LaVerne Dickson […]
Posted inCommunity
Jefferson society plans open house Aug. 7
New residents are especially invited to view some of the many photos from Jefferson’s past; certainly long-time residents and visitors are always welcome.