Better Business Bureau alerts public to rise in fake pet adsBoy with autism drowns in Fort Myers pond
Better Business Bureau alerts public to rise in fake pet ads The Better Business Bureau is warning consumers about the rise of fraudulent pet adoption schemes during the holiday season.
FORT MYERS Boy with autism drowns in Fort Myers pond A Fort Myers family is heartbroken they will never get see their little boy running around smiling again after he drowned in Lee County.
NAPLES Man arrested for sex crimes with underage girl on Naples Pier A Naples man has been arrested for allegedly having sex with a minor on the Naples Pier.
Page Field Opportunities await in Lee County’s Civil Air Patrol Cadet Program Lee County will soon have a new civil air patrol squadron, but they need people interested in joining to make this happen.
Southwest Florida leaders react to President Biden’s pardon of Hunter Biden Southwest Florida leaders are weighing in Monday evening on President Biden’s pardon of his son Hunter.
Who is responsible for the Black Friday traffic nightmare at Miromar Outlets? Thousands of people were trapped in their cars for hours at Miromar Outlets in Estero on Black Friday. On Monday, WINK News obtained the contract between the Lee County Sheriff’s Office and Miromar Outlets, which sheds light on how traffic got as bad as it did.
FGCU FGCU volleyball heads to Salt Lake City for NCAA Tournament FGCU volleyball is off to Salt Lake City to compete in its fourth straight NCAA Tournament, starting with fifth-seed Marquette in the first round.
New cameras crackdown on speeding in school zones Hendry County Schools has launched a program to crack down on speeding in school zones.
Online vs. in-store: How shoppers are tackling Cyber Monday Just when you thought it was safe to put your credit card away, Cyber Monday takes another bite out of your budget.
NAPLES Shy Wolf Sanctuary receives $150,000 donation The Shy Wolf Sanctuary, one of Naples’s hidden gems, is now benefiting from a healthy donation from Thomas Golisano.
FORT MYERS Fort Myers man arrested for shooting bicyclist with shotgun A man in Fort Myers has been arrested after he allegedly shot a bicyclist with a shotgun.
tice New details after woman stabbed, boyfriend beat up in late-night Tice home invasion Deputies have released details after arresting a Tice man after a reported stabbing that left a woman injured and a man assaulted in Lee County.
PORT CHARLOTTE Port Charlotte man accused of storing child porn on Xbox A Port Charlotte man has been arrested and accused of storing child pornography on his Xbox.
FORT MYERS Man accused of stealing Twisted Tea from Fort Myers gas station Southwest Florida Crime Stoppers is seeking information on a man accused of stealing a 12-pack of Twisted Tea from a Fort Myers gas station.
Better Business Bureau alerts public to rise in fake pet ads The Better Business Bureau is warning consumers about the rise of fraudulent pet adoption schemes during the holiday season.
FORT MYERS Boy with autism drowns in Fort Myers pond A Fort Myers family is heartbroken they will never get see their little boy running around smiling again after he drowned in Lee County.
NAPLES Man arrested for sex crimes with underage girl on Naples Pier A Naples man has been arrested for allegedly having sex with a minor on the Naples Pier.
Page Field Opportunities await in Lee County’s Civil Air Patrol Cadet Program Lee County will soon have a new civil air patrol squadron, but they need people interested in joining to make this happen.
Southwest Florida leaders react to President Biden’s pardon of Hunter Biden Southwest Florida leaders are weighing in Monday evening on President Biden’s pardon of his son Hunter.
Who is responsible for the Black Friday traffic nightmare at Miromar Outlets? Thousands of people were trapped in their cars for hours at Miromar Outlets in Estero on Black Friday. On Monday, WINK News obtained the contract between the Lee County Sheriff’s Office and Miromar Outlets, which sheds light on how traffic got as bad as it did.
FGCU FGCU volleyball heads to Salt Lake City for NCAA Tournament FGCU volleyball is off to Salt Lake City to compete in its fourth straight NCAA Tournament, starting with fifth-seed Marquette in the first round.
New cameras crackdown on speeding in school zones Hendry County Schools has launched a program to crack down on speeding in school zones.
Online vs. in-store: How shoppers are tackling Cyber Monday Just when you thought it was safe to put your credit card away, Cyber Monday takes another bite out of your budget.
NAPLES Shy Wolf Sanctuary receives $150,000 donation The Shy Wolf Sanctuary, one of Naples’s hidden gems, is now benefiting from a healthy donation from Thomas Golisano.
FORT MYERS Fort Myers man arrested for shooting bicyclist with shotgun A man in Fort Myers has been arrested after he allegedly shot a bicyclist with a shotgun.
tice New details after woman stabbed, boyfriend beat up in late-night Tice home invasion Deputies have released details after arresting a Tice man after a reported stabbing that left a woman injured and a man assaulted in Lee County.
PORT CHARLOTTE Port Charlotte man accused of storing child porn on Xbox A Port Charlotte man has been arrested and accused of storing child pornography on his Xbox.
FORT MYERS Man accused of stealing Twisted Tea from Fort Myers gas station Southwest Florida Crime Stoppers is seeking information on a man accused of stealing a 12-pack of Twisted Tea from a Fort Myers gas station.
FILE – Federal Reserve Chairman Jerome Powell speaks to the Senate Banking, Housing and Urban Affairs Committee, as he presents the Monetary Policy Report to the committee on Capitol Hill, on June 22, 2022, in Washington. With inflation raging at a four-decade high and the job market strong, the Fed is under pressure to raise interest rates aggressively. (AP Photo/Manuel Balce Ceneta, File) The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation. The Fed’s move will raise its key rate, which affects many consumer and business loans, to a range of 2.25% to 2.5%, its highest level since 2018. The central bank’s decision follows a jump in inflation to 9.1%, the fastest annual rate in 41 years, and reflects its strenuous efforts to slow price gains across the economy. By raising borrowing rates, the Fed makes it costlier to take out a mortgage or an auto or business loan. Consumers and businesses then presumably borrow and spend less, cooling the economy and slowing inflation. The Fed is tightening credit even while the economy has begun to slow, thereby heightening the risk that its rate hikes will cause a recession later this year or next. The surge in inflation and fear of a recession have eroded consumer confidence and stirred public anxiety about the economy, which is sending frustratingly mixed signals. With the November midterm elections nearing, Americans’ discontent has diminished President Joe Biden’s public approval ratings and increased the likelihood that the Democrats will lose control of the House and Senate. The Fed’s moves to sharply tighten credit have torpedoed the housing market, which is especially sensitive to interest rate changes. The average rate on a 30-year fixed mortgage has roughly doubled in the past year, to 5.5%, and home sales have tumbled. At the same time, consumers are showing signs of cutting spending in the face of high prices. And business surveys suggest that sales are slowing. The central bank is betting that it can slow growth just enough to tame inflation yet not so much as to trigger a recession — a risk that many analysts fear may end badly. On Thursday, when the government estimates the gross domestic product for the April-June period, some economists think it may show that the economy shrank for a second straight quarter. That would meet one longstanding assumption for when a recession has begun. But economists say that wouldn’t necessarily mean a recession had started. During those same six months when the overall economy might have contracted, employers added 2.7 million jobs — more than in most entire years before the pandemic. Wages are also rising at a healthy pace, with many employers still struggling to attract and retain enough workers. Still, slowing growth puts the Fed’s policymakers in a high-risk quandary: How high should they raise borrowing rates if the economy is decelerating? Weaker growth, if it causes layoffs and raises unemployment, often reduces inflation on its own. That dilemma could become an even more consequential one for the Fed next year, when the economy may be in worse shape and inflation will likely still exceed the central bank’s 2% target. “How much recession risk are you willing to bear to get (inflation) back to 2%, quickly, versus over the course of several years?” asked Nathan Sheets, a former Fed economist who is global chief economist at Citi. “Those are the kinds of issues they’re going to have to wrestle with.” Economists at Bank of America foresee a “mild” recession later this year. Goldman Sachs analysts estimate a 50-50 likelihood of a recession within two years. Among analysts who foresee a recession, most predict that it will prove relatively mild. The unemployment rate, they note, is near a 50-year low, and households are overall in solid financial shape, with more cash and smaller debts than after the housing bubble burst in 2008. Fed officials have suggested that at its new level, their key short-term rate will neither stimulate growth nor restrict it – what they call a “neutral” level. Chair Jerome Powell has said the Fed wants its key rate to reach neutral relatively quickly. Should the economy continue to show signs of slowing, the Fed may moderate the size of its rate hikes as soon as its next meeting in September, perhaps to a half-point. Such an increase, followed by possibly quarter-point hikes in November and December, would still raise the Fed’s short-term rate to 3.25% to 3.5% by year’s end — the highest point since 2008.