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The Federal Reserve's recent decision to lower its key interest rate by 0.5 percentage points, two months before a presidential election, is expected to have a significant impact on the local housing market. The federal funds rate now stands at approximately 4.8%.
In an annual competition often dominated by educators, three teams representing Kinston businesses took top honors last week in the Adult Spelling Bee sponsored by the Lenoir County Education Foundation. In the end, though, schools and teachers still won big.