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Business confidence in Massachusetts falls despite signals of interest rate relief, index shows

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Business confidence in Massachusetts falls despite signals of interest rate relief, index shows


Business confidence slipped toward pessimism last month, with employers concerned about sticky inflation and the Federal Reserve’s plans for rate cuts amid rising unemployment numbers, according to the Associated Industries of Massachusetts.

Confidence among the state’s employers slipped from 52 points in July to 51 points in August, down 1.4 points from the same period last year and “marginally optimistic but cautious,” AIM said in their latest Business Confidence Index report.

Sara Johnson, Chair of the AIM Board of Economic Advisors, said “the good news is that 12-month inflation, measured by the personal consumption deflator, held steady in July and consumer spending was robust.”

“At the same time, employers in Massachusetts and across the country have turned more cautious amid concerns about the slowing economy and federal tax, spending, and regulatory policies after the November elections,” she said.

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Survey authors note the news comes as inflation remains high but lower than it’s been in years, while the labor market continues to cool. This could be a sign the Fed will follow through with plans announced by Chairman Jerome Powell to move forward with rate cuts.

“Inflation remained steady at 2.5 percent in July, paving the way for the Federal Reserve to reduce interest rates later this month. The labor market, meanwhile, continued to cool, driving the Massachusetts unemployment rate to its highest level in four years at 4.6 percent,” AIM wrote.

Just last month, Powell signaled that the time has come for the central bank to ease up on the gas.

“The time has come for policy to adjust,” Powell said in his keynote speech at the Fed’s annual economic conference in Jackson Hole, Wyoming. “The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.”

AIM’s business confidence index showed pessimistic feelings in July, when it fell to 49.8 points, and in September of 2023, when it was again at 49.8 points. Employers have otherwise been generally optimistic about the state of the economy in Massachusetts through the last year.

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That’s not to say there aren’t pain points, according to Suzanne Dwyer, President of the Massachusetts Capital Resource Company and a member of AIM’s board of economic advisors. An employer’s feelings at the moment are entirely reflective of their industry, she said.

“The shifts in the economy appear to be segmenting business confidence by industry, geography and company size. Confidence among manufacturers, for example, continues to be weaker than the overall outlook, and layoffs in the technology sector have eroded confidence in that area as well,” Dwyer said.

AIM surveys more than 140 Bay State businesses to produce their monthly index, the first of which was published in July of 1991. According to AIM, business confidence hit historic highs in 1997 and 1998, with two months in either year showing 68.5% confidence, and hit a low in February of 2009, when it was 33.3%.

Herald wire services contributed to this report.

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Conference champions, tailback terrors, and more among Thursday’s 10 high school sports takeaways – The Boston Globe

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Conference champions, tailback terrors, and more among Thursday’s 10 high school sports takeaways – The Boston Globe


Also Thursday, the girls’ volleyball tournament got started in earnest and field hockey continued with first-round matchups.

And, of course, all the scores live here.

▪ With a 32-0 win over Wakefield, Burlington football completed its first undefeated regular season since 2006.

▪ Cardinal Spellman senior captain Kaylee Perrault reached 500 career kills during a 3-0 preliminary-round win over Pope Francis in the Division 3 girls’ volleyball tournament.

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Four conference champions were crowned on the gridiron, as Barnstable won the Southeast Conference outright with a 28-18 win over Bridgewater-Raynham, Amesbury routed Manchester Essex, 40-0, to claim the Cape Ann League crown, Scituate topped Hanover, 21-7, to share the Patriot League Fisher title with the Hawks, Abington shut out East Bridgewater, 20-0, to win the South Shore Sullivan, and Medfield rode another big Brady McCormack performance to a 30-12 victory over Norton and at least a share of the Tri-Valley League Small championship.

▪ Winthrop boys’ soccer finished its season with a 10-4-4 record Monday, marking the best winning percentage in program history and capturing the Northeastern Conference Lynch Division title for the first time.

Wednesday, the first day of the field hockey and girls’ volleyball tournaments, featured very few upsets. Thursday wasn’t much different.

In Division 1 field hockey, 22nd-seeded Wachusett knocked off No. 11 Natick, 1-0, behind a third-quarter goal from Lilli Mitchell and a 22-save shutout from Alyssa Davis.

The highest-seeded team to falter thus far in the girls’ volleyball tournament was Turners Falls, the 14th seed in Division 5. They were eliminated by No. 19 Avon, 3-0.

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Ben Atherton, Ashland — The senior did it all, rushing for four touchdowns and throwing another one to Kevin Ozulumba in a 41-13 Tri-Valley League win over Norwood.

Will Bush, Swampscott — The senior captain found the end zone four times, rushing for 124 yards in a 33-0 Northeastern League win over Salem.

Brady McCormack, Medfield — If Takeaways had a loyalty program, McCormack would be racking up the points. Another big week saw the senior rumble for 221 yards and two touchdowns, adding a 95-yard kickoff return TD in a 30-12 Tri-Valley League win against Norton.

Austin Rodenhiser, Holliston — Arguably the night’s top performer, the senior rumbled for five touchdowns and 156 yards on just 13 carries, bulldozing the way for a 33-0 TVL win over Dedham.

Matthew Tasker, Lincoln-Sudbury — Noticing a pattern? This senior running back ran wild, scoring four times and piling up 153 yards on 23 carries in a 35-0 Dual County League win over Wayland.

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Duxbury has a new softball coach: Charlie Finn. Previously a volunteer assistant at Marshfield, Finn has been an active member of the South Shore softball community, serving as head coach of the 16U Lady Rams travel team. He is also an assistant basketball and field hockey coach at Marshfield. He takes over a team coming off a 10-9 season and a loss in the second round of the Division 2 tournament under previous coach Mike Barba.

▪ Dartmouth College freshman women’s soccer player Anna Leschly, a 2025 Brookline graduate, was called up to the US Under-20 Women’s National Team for its fall training camp, which concluded Thursday at the University of Kansas. Leschly was one of 10 college players who joined 12 professionals and two club players.

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▪ UMass Dartmouth senior Zuri Walters, a Boston Latin graduate from Dorchester, was named to the All-Little East Conference Second Team Singles for the second straight year. Walters went 6-6 at No. 1 singles, finding her stride midway through the tennis season with a 5-1 stretch starting in September.

Max Morin, Hanover, 170

Tim Durocher, Plymouth South, 141

Justin Dube, Abington, 100

Cole Doyle, North Quincy, 2

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Michael Wildfire, Cohasset, 2

Brady McCormack, Medfield, 221

Jayson Dyer, Barnstable, 171

Austin Rodenhiser, Holliston, 156

Matthew Trasker, Lincoln-Sudbury, 153

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Cameron Banda, Shawsheen, 137

Will Bush, Swampscott, 124

Erik Knight, Billerica, 120

Ty Holmes, West Bridgewater, 113

Austin Rodenhiser, Holliston, 5

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Ben Atherton, Ashland, 4

Will Bush, Swampscott, 4

Matthew Trasker, Lincoln-Sudbury, 4

Noah Allen, Whittier, 3

Cameron Banda, Shawsheen, 3

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Gianni DePrimeo, Winchester, 3

Gus Green, Cohasset, 3

Andrew Orphanos, Bishop Feehan, 3

Joe Puleo, Amesbury, 3

Ian Alexion, Fairhaven, 2

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Jake Banda, Shawsheen, 2

Jake D’Antonio, Marshfield, 2

Jayson Dyer, Barnstable, 2

Ty Holmes, West Bridgewater, 2

Erik Knight, Billerica, 2

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Aaron Lague, Fairhaven, 2

Breydan Lewis, Bridgewater-Raynham, 2

Brady McCormack, Medfield, 2

Nick Rotondi, Winchester, 2

Will Wood, Xaverian, 2

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Caiden Blake, Bridgewater-Raynham, 186

Kellen Balducci, Hanover, 89

Shane McDonald, Plymouth South, 85

8. Volleyball leaderboard

Gabby Vigeant, Newburyport, 22

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Sophia Jeager, Attleboro, 20

Brooke Braswell, Lynn Classical, 18

Kelsey Dinjian, Nashoba, 16

Francesca Reardon, Shawsheen, 13

Olivia Leonardo, Attleboro, 12

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Sydney Lynch, Peabody, 12

Shauna Baker, Dennis-Yarmouth, 11

Lizzy Bettencourt, Peabody, 11

Kendra Marino, Billerica, 11

Haley Carter, Attleboro, 31

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Rafaela Prebianchi, Dennis-Yarmouth, 30

Nicky Murphy, Barnstable, 27

Emma Chevalier, Lynn Classical, 22

Siena Torili, Nashoba, 20

Meghan Downs, Billerica, 17

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Reese Schaiberger, Swampscott, 14

Ilaisha Taveras, Greater Lawrence, 23

Paige Martin, Shawsheen, 20

Isabella DiSalvo, Shawsheen, 19

Ellie Freeman, Nashoba, 18

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Sophia Cantwell, Dennis-Yarmouth, 15

Sophia Jeager, Attleboro, 14

Sage Young, Attleboro, 14

Haley Carter, Attleboro, 13

Lizzy Bettencourt, Peabody, 12

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Maria Sirota, Swampscott, 11

Kendra Marino, Billerica, 6

Jaydalise Davila, Greater Lawrence, 5

Carly Deacy, Shawsheen, 5

Brooke Braswell, Lynn Classical, 3

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Ellie Freeman, Nashoba, 10

Gabby Vigeant, Newburyport, 8

Jazzy Coyer, Barnstable, 6

Emma Chevalier, Lynn Classical, 5

Maria Rosario, Greater Lawrence, 4

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Hector Bermudez, Somerville, 2

Raegan Dillon, St. John Paul II, 5

10. Field hockey leaderboard

Shannon Lane, Canton, 4

Carolyn Schiavo, Canton, 3

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Hayden Emerson, Foxborough, 2


Brendan Kurie can be reached at brendan.kurie@globe.com. Follow him on X @BrendanKurie.





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Ranking the top 25 MIAA high school football teams in Massachusetts ahead of Week 9

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Ranking the top 25 MIAA high school football teams in Massachusetts ahead of Week 9


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Our No. 1 stayed firmly in place. After weeks of coming close, St. John’s Prep grabbed the top spot in our poll from Catholic Memorial with all four first-place votes and a unanimous 100 points last week. The Eagles stayed firmly in place following a convincing 37-15 win at Malden Catholic last Friday night.

This is the final week of the regular season before a much-anticipated MIAA tournament, and teams across the commonwealth are staking their places in league standings and the statewide power rankings.

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Kyle Grabowski (MetroWest Daily News), Jason Snow (The Patriot Ledger), Tim Whelan (Gannett New England) and Chris McDaniel (Gannett New England) will collectively rank the top teams in the state every week this season. These are the rankings heading into Week 8.

Watch MA high school football on NFHS Network

MA high school football top 25 rankings

1. St. John’s Prep- 100 points (4 first-place votes)

2. Springfield Central – 96 points

3. Xaverian – 92 points

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4. Catholic Memorial – 88 points

5. King Philip – 84 points

6. Natick – 79 points

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7. Methuen – 73 points

8. Central Catholic – 70 points

9. Bishop Feehan – 63 points

10. Tewksbury – 61 points

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11. Barnstable – 60 points

12. Marshfield – 54 points

13. Scituate – 53 points

14. Foxborough – 50 points

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15. Mansfield – 49 points

16. Andover – 39 points

17. North Attleborough – 37 points

18. Shawsheen Valley Tech – 31 points

19. Milton – 30 points

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20. Winchester – 23 points

21. Bridgewater-Raynham – 14 points

22. Abington – 9 points

23. Canton – 8 points

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T-24. Hingham – 7 points

T-24. Hanover – 7 points

Other receiving votes: Leominster (6), Duxbury (6), Archbishop Williams (5), Wachusett (5), Bedford (1)

Who jumped into the top 25?

Hanover (5-2) moved into the poll after a 42-21 victory over Quincy, the Hawks’ fourth straight win.

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Other notable activity

The top eight remained the same as last week, but Bishop Feehan moved up three spots to #9 after a 27-21 win over a tough Franklin team. North Attleborough, meanwhile, moved down seven spots from #10 to #17 after a 24-14 defeat to Mansfield. The Hornets moved from #20 to #15 with the Hockomock League Davenport triumph.



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Employee with Gov. Healey’s office fired following drug arrest

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Employee with Gov. Healey’s office fired following drug arrest


Massachusetts Gov. Maura Healey’s office confirmed Wednesday morning that one of her staffers has been fired following his arrest.

“The Governor’s Office has been made aware of the arrest of an employee, Lamar Cook,” a spokesperson for Healey said in a statement. “The conduct that occurred here is unacceptable and represents a major breach of the public trust. Mr. Cook has been terminated from his position effective immediately. This criminal investigation is ongoing, and our administration will work with law enforcement to assist them in their work.”

The state’s website says Cook served as the governor’s western Massachusetts deputy director in Springfield. He has reportedly served in that role since April of 2023.

According to the Hampden District Attorney’s Office, Cook is charged with cocaine trafficking, unlawful possession of a firearm and unlawful possession of ammunition and is expected to be arraigned in Springfield District Court on Wednesday.

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Prosecutors said Cook was arrested Tuesday following an investigation conducted by state police, Homeland Security and other partner agencies. They said investigators have seized multiple parcels containing a total of 21 kilograms of suspected cocaine, including about 8 kilograms that were intercepted on Saturday during a controlled delivery operation in Springfield.

They said the controlled delivery took place at the Springfield State Office Building, where Cook worked. Investigators executed a search warrant of Cook’s former office within the office building on Monday night.

Prosecutors said the investigation that led to Cook’s arrest stemmed from two prior seizures conducted by law enforcement earlier this month. On Oct. 10, they intercepted and searched two suspicious packages at Hotel UMass in Amherst, which were found to contain approximately 13 kilograms of suspected cocaine.

“Evidence collected during that operation was consistent with the narcotics recovered during the most recent controlled delivery in Springfield,” the district attorney’s office said. “The investigation into the UMass seizure remains ongoing and may result in additional charges related to the prior shipments in Hampshire County.”

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