Disaster assistance available for Charlotte County residentsGreat Wolf Lodge celebrates grand opening with Rob Gronkowski
Disaster assistance available for Charlotte County residents Charlotte County residents affected by hurricanes Ian, Helene or Milton can now apply for disaster assistance from local resources through Community Organizations Active in a Disaster (COAD).
Great Wolf Lodge celebrates grand opening with Rob Gronkowski Pack your trunks. We’re taking you to the grand opening of the Great Wolf Lodge resort in Collier County.
BOCA GRANDE Lee County issues red tide alert near Boca Grande Pass The Florida Department of Health in Lee County has issued a health alert for the presence of red tide near Boca Grande Pass.Â
LEHIGH ACRES Lehigh Acres parent arrested after allegedly assaulting school bus driver A Lehigh Acres parent is facing charges accused of assaulting a school bus driver. Neighbors told WINK News it began with a screaming match Friday afternoon.
CAPE CORAL Cape police believe retail burglaries are linked Detectives believe a man is linked to multiple burglaries in Southwest Florida.
ESTERO Driver charged with DUI after crashing SUV into restaurant in Gulf Coast Town Center The driver of an SUV that crashed into a restaurant at the Gulf Coast Town Center in Estero has been charged with DUI.
Tesla issues sixth Cybertruck recall in a year, over 2,400 vehicles affected Tesla stock might be up, but their Cybertrucks have another recall for their drivers to deal with.
Great Wolf Lodge celebrates grand opening, economic impact in Collier County With pomp, circumstance and an appearance from retired NFL player Rob Gronkowski, Great Wolf Lodge celebrated both its grand opening and its economic impact for Collier County.
CAPE CORAL Orientation for new Cape Coral City Council members Five fresh new faces are on the Cape Coral City Council.
the weather authority Tropical Storm Sara forms in the Caribbean The Weather Authority is tracking Tropical Storm Sara in the Caribbean.
Local builder Paul Beattie gives up license, agrees to pay fine Beattie Development has been accused of taking customers’ money and not completing work promised, and now the company’s owner is surrendering his license.
NAPLES Naples Botanical Garden performs prescribed burn in garden area The Naples Botanical Garden is conducting a prescribed fire as part of its maintenance of the nature preserve.
NEAR FORT MYERS Jerry Seinfeld to perform at Barbara B. Mann in SWFL Comedian and co-creator of a popular sitcom of the same name, Jerry Seinfeld, is set to perform near Fort Myers.
COLLIER COUNTY DOH-Collier cautions of blue-green algae at Lake Avalon The Florida Department of Health in Collier County (DOH-Collier) wants to caution the public of the presence of blue-green algae in Lake Avalon.
City, Naples Beach Club to preserve green space in perpetuity More than 104 acres of recreation and open space at the former Naples Beach Hotel & Golf Club’s golf course will be forever preserved.
Disaster assistance available for Charlotte County residents Charlotte County residents affected by hurricanes Ian, Helene or Milton can now apply for disaster assistance from local resources through Community Organizations Active in a Disaster (COAD).
Great Wolf Lodge celebrates grand opening with Rob Gronkowski Pack your trunks. We’re taking you to the grand opening of the Great Wolf Lodge resort in Collier County.
BOCA GRANDE Lee County issues red tide alert near Boca Grande Pass The Florida Department of Health in Lee County has issued a health alert for the presence of red tide near Boca Grande Pass.Â
LEHIGH ACRES Lehigh Acres parent arrested after allegedly assaulting school bus driver A Lehigh Acres parent is facing charges accused of assaulting a school bus driver. Neighbors told WINK News it began with a screaming match Friday afternoon.
CAPE CORAL Cape police believe retail burglaries are linked Detectives believe a man is linked to multiple burglaries in Southwest Florida.
ESTERO Driver charged with DUI after crashing SUV into restaurant in Gulf Coast Town Center The driver of an SUV that crashed into a restaurant at the Gulf Coast Town Center in Estero has been charged with DUI.
Tesla issues sixth Cybertruck recall in a year, over 2,400 vehicles affected Tesla stock might be up, but their Cybertrucks have another recall for their drivers to deal with.
Great Wolf Lodge celebrates grand opening, economic impact in Collier County With pomp, circumstance and an appearance from retired NFL player Rob Gronkowski, Great Wolf Lodge celebrated both its grand opening and its economic impact for Collier County.
CAPE CORAL Orientation for new Cape Coral City Council members Five fresh new faces are on the Cape Coral City Council.
the weather authority Tropical Storm Sara forms in the Caribbean The Weather Authority is tracking Tropical Storm Sara in the Caribbean.
Local builder Paul Beattie gives up license, agrees to pay fine Beattie Development has been accused of taking customers’ money and not completing work promised, and now the company’s owner is surrendering his license.
NAPLES Naples Botanical Garden performs prescribed burn in garden area The Naples Botanical Garden is conducting a prescribed fire as part of its maintenance of the nature preserve.
NEAR FORT MYERS Jerry Seinfeld to perform at Barbara B. Mann in SWFL Comedian and co-creator of a popular sitcom of the same name, Jerry Seinfeld, is set to perform near Fort Myers.
COLLIER COUNTY DOH-Collier cautions of blue-green algae at Lake Avalon The Florida Department of Health in Collier County (DOH-Collier) wants to caution the public of the presence of blue-green algae in Lake Avalon.
City, Naples Beach Club to preserve green space in perpetuity More than 104 acres of recreation and open space at the former Naples Beach Hotel & Golf Club’s golf course will be forever preserved.
FILE: Federal Reserve Chair Jerome Powell (Credit: Thomas Trutschel/Photothek/Getty via CNN/FILE) The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. But in a surprise move, the Fed signaled that it may raise rates twice more this year, beginning as soon as next month. The Fed’s move to leave its benchmark rate at about 5.1%, its highest level in 16 years, suggests that it believes the much higher borrowing rates it’s engineered have made some progress in taming inflation. But top Fed officials want to take time to more fully assess how their rate hikes have affected inflation and the economy. “Holding the target rate steady at this meeting allows the committee to assess additional information and its implications” for the Fed’s policies, the central bank said in a statement. The central bank’s 18 policymakers envision raising their key rate by an additional half-point this year, to about 5.6%, according to economic forecasts they issued Wednesday. The economic projections revealed a more hawkish Fed than many analysts had expected. Twelve of the 18 policymakers forecast at least two more quarter-point rate increases. Four supported a quarter-point increase. Only two envisioned keeping rates unchanged. The policymakers also predicted that their benchmark rate will stay higher for longer than they envisioned three months ago. One reason why the officials may be predicting additional rate hikes is that they foresee a modestly healthier economy and more persistent inflation that might require higher rates to cool. Their updated forecasts show them predicting economic growth of 1% for 2023, an upgrade from their meager 0.4% forecast in March. And the officials expect “core” inflation, which excludes volatile food and energy prices, of 3.9% by year’s end, higher than they expected three months ago. Immediately after the Fed’s announcement, which followed its latest policy meeting, stocks sank and Treasury yields surged. The yield on the two-year Treasury note, which tends to track market expectations for future Fed actions, jumped from 4.62% to 4.77%. The Fed’s aggressive streak of rate hikes, which have made mortgages, auto loans, credit cards and business borrowing costlier, have been intended to slow spending and defeat the worst bout of inflation in four decades. Mortgage rates have surged, and average credit card rates have surpassed 20% to a record high. The central bank’s rate hikes have coincided with a steady drop in consumer inflation, from a peak of 9.1% last June to 4% as of May. But excluding volatile food and energy costs, so-called core inflation remains chronically high. Core inflation was 5.3% in May compared with 12 months earlier, well above the Fed’s 2% target. Powell and other top policymakers have also indicated that they want to assess how much a pullback in bank lending might be weakening the economy. Banks have been slowing their lending — and demand for loans has fallen — as interest rates have risen. Some analysts have expressed concern that the collapse of three large banks last spring could cause nervous lenders to sharply tighten their loan qualifications. The Fed has raised its benchmark rate by a substantial 5 percentage points since March of last year — the fastest pace of increases in 40 years. “Skipping” a rate hike at this week’s meeting might have been the most effective way for Powell to unite a fractious policymaking committee. The 18 members of the committee have appeared divided between those who favor one or two more rate hikes and those who would like to leave the Fed’s key rate where it is for at least a few months and see whether inflation further moderates. This group is concerned that hiking too aggressively would heighten the risk of causing a deep recession. In an encouraging sign, inflation data that the government issued this week showed that most of the rise in core prices reflected high rents and used car prices. Those costs are expected to ease later this year. Wholesale used car prices, for example, fell in May, raising the prospect that retail prices will follow suit. And rents are expected to ease in the coming months as new leases are signed with milder price increases. Those lower prices, though, will take time to feed into the government’s measure. The economy has so far fared better than the central bank and most economists had expected at the beginning of the year. Companies are still hiring at a robust pace, which has helped encourage many people to keep spending, particularly on travel, dining out and entertainment.