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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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Foul play suspected after human remains found in water in Shirley

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Foul play suspected after human remains found in water in Shirley


Human remains were discovered Wednesday in the water in Shirley, Massachusetts, and authorities suspect foul play.

Police in Shirley said in a social media post at 7:15 p.m. that they responded to “a suspicious object in the water near the Maritime Veterans Memorial Bridge on Shaker Road.” Massachusetts State Police later said the object was believed to be human remains.

The bridge crosses Catacoonamug Brook near Phoenix Pond.

The office of Middlesex County District Attorney Marian Ryan said a group of young people was walking in the area around 5:30 p.m. and “reported seeing what appeared to be something consistent with a body part in the water.”

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Foul play is suspected, Ryan’s office said.

Authorities will continue investigating overnight into Thursday, and an increased police presence is expected in the area.

No further information was immediately available.



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Ice covered highways, streets and sidewalks in Boston area rattled nerves during morning commute: “I’m ready for the thaw”

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Ice covered highways, streets and sidewalks in Boston area rattled nerves during morning commute: “I’m ready for the thaw”


It was a treacherous commute for drivers across Massachusetts Wednesday morning. Ice on roads and highways caused several crashes during rush hour.

In Danvers, 22 miles north of Boston, the ramp from Interstate 95 to Route 1 north was covered in ice, leading to three separate crashes involving twelve cars. Three people were taken to local hospitals.

In Danvers, Mass. the ramp from Interstate 95 to Route 1 north was covered in ice, leading to three separate crashes involving twelve cars on March 4, 2026.

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CBS Boston


In Revere, just seven miles north of the city, two tractor-trailers collided on North Shore Road. Police said it will be shut down for most of the day. It’s unclear if this crash was caused by icy conditions.

Forty-four miles west of Boston, a tractor-trailer ran off the westbound side of the Massachusetts Turnpike in Westboro. One person was taken to UMass Memorial Medical Center in Worcester with what were described by the fire department as “non-life threatening injuries.”

The ice wasn’t just a problem for drivers. People walking around Boston were also slipping and sliding Wednesday morning.

“I almost fell at least five times but I didn’t. I don’t know how. I screamed and caught edges,” Swapna Vantzelfde told CBS News Boston about her walk to work in the South End. It took longer than usual.

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“The internal streets they just don’t get plowed, the little ones that people live on and then these arteries, the big streets, they’re cleaned a lot better,” she said.

Those on two legs and four were all stepping gingerly across slick spots.

“A little treacherous. Very slick and icy out here,” said a father pushing a stroller. “Sometimes you have something to hold on to, which helps.”

With plenty of snow piled along sidewalks and between parking spots, most people are done with winter.

“I’m over it. I’m ready for the thaw,” said one man. 

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‘No way to leave’: Mass. families stuck in Middle East amid war in Iran

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‘No way to leave’: Mass. families stuck in Middle East amid war in Iran


Massachusetts families are stuck in the Middle East amid the war in Iran, and Democratic Sen. Ed Markey says the State Department needs to do more to get them home.

The Trump administration is telling Americans to leave the region, and families would love to, but they haven’t been able to get out.

Stacey Schuhwerk of Hingham has been sheltering in place in a Doha hotel since Saturday.

“We hear the missiles outside,” she said. “We can see them.”

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The Hingham mother and her son are among nearly 1,600 Americans trapped in the Middle East with no way to get home.

“Airspace is shut down. There’s no planes,” said Schuhwerk. “There’s no way to leave.”

Flights between Boston and the Middle East are canceled or delayed as travelers express anxiety over the conflict.

At first, U.S. officials told people to shelter in place and register with the State Department — something Schuhwerk did days ago.

“There’s no help there. The last time we called was 20 minutes ago, and they continue to say that ‘We don’t know anything about any plans for government help to get people out,’” she said.

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Embassies and consulates across the region — including the U.S. Embassy in Israel — have now suspended services, saying they simply can’t get Americans out.

“They did not have a plan to conduct this war, and they clearly did not have a plan as to how to evacuate innocent families,” Markey said.

The senator says his office is hearing from Massachusetts families, and he’s pressuring the Trump administration to come up with an evacuation plan fast.

“We are going to apply that pressure on the State Department until every American who wants to leave that region is out,” he said.

Back in Doha, Schuhwerk keeps watching the war outside her window.

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“The talk here is ‘How much defensive ammunition’s left?’ Good question, you know, because the missiles aren’t stopping,” she said. “So how long are we going to be safe here?”

With no clear end to this conflict, she’s worried she could be stuck there for weeks.



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