Maine, which trails other states in economic growth, might be more adversly affe

Authors

Source

Portland Press Herald

Date

5-19-1994

Pages

1A, 16A

Abstract

Maine, which trails other states in economic growth, might be more adversly affected than the rest of the nation by the recent Federal Reserve Board decision to raise interest rates. The move, designed to stem inflation, could cause short-term problems for the state's businesses, but interest rates won't be much higher in the long term. The Board's action resulted in a drop in long-term interest rates, which will mean lower prices on fixed-rate mortgages. Details.

Subjects

Economic conditions, Interest and usury

Recommended Citation

"Maine, which trails other states in economic growth, might be more adversly affe" (1994). Maine News Index – Portland Press Herald. 12899.
https://digitalcommons.portlandlibrary.com/news_pph/12899