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Fed Chair Jerome Powell on FOMC's attempt of 'soft landing' for U.S. economy following decision to leave key rate unchanged

Published Wed, 05 Mar 2025 02:24:30 GMT

WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased. But Fed officials also signaled that they expect to raise rates once more this year.The move to leave its benchmark rate at about 5.4% suggests that the Fed thinks it has time to wait and see if the 11 rate hikes it unleashed starting in March 2022 will continue to cool rising prices.Consumer inflation has dropped from a year-over-year peak of 9.1% in June 2022 to 3.7% last month. Yet it’s still well above the Fed’s 2% target, and its policymakers made clear Wednesday that they aren’t close to declaring victory over the worst bout of inflation in 40 years.Besides forecasting another hike by year’s end, their projections showed they envision keeping rates high deep into 2024. They expect to cut interest rates just two times in 2024, down from four rate cuts they had e...

What does the next year look like for Project Connect's light rail development?

Published Wed, 05 Mar 2025 02:24:30 GMT

AUSTIN (KXAN) -- With a Phase 1 light rail investment plan adopted in June, the Austin Transit Partnership is now gearing up for the federal funding application process for its multi-billion-dollar Project Connect program.ATP officials said they are eyeing roughly half the capital costs of the light rail plan to be funded via federal grants.What's next for Project Connect?Jennifer Pyne, ATP's executive vice president of planning and risk management, told KXAN the organization is working with the Federal Transit Administration on that multi-year process. With federal funding a competitive process, she said ATP leadership is really tailoring design aspects of the project to best position itself for both the Austin community and federal review."The ways that we can maximize our grant dollars include just designing the project to really enhance ridership, to make sure that we're providing the best possible transit project for this community," Pyne said. It’s official: Austin adopts Ph...

Texas Parks and Wildlife exploring protection options for ocelots

Published Wed, 05 Mar 2025 02:24:30 GMT

AUSTIN (KXAN) -- The Texas Parks and Wildlife Department is seeking public input on a plan to try to grow the population of endangered ocelots in South Texas. TPWD, along with the U.S. Fish and Wildlife Service, are encouraging the public to review and comment on TPWD's Enhancement of Survival Permit application.The permit, which is part of a proposed Programmatic Safe Harbor Agreement with the East Foundation, supports efforts to grow the population of endangered ocelots by expanding their range in South Texas.According to USFWS, the ocelot is listed as an endangered species throughout its range in South and Central America, Mexico, southern Texas and southern Arizona. In Texas, fewer than 100 ocelots are currently known in two small, isolated breeding populations on private ranch land and the Laguna Atascosa National Wildlife Refuge.TPWD said a Safe Harbor Agreement is a "voluntary agreement involving private or other non-federal property owners whose actions contribute to th...

PHMSA announces $14.8 million grant to improve pipeline safety

Published Wed, 05 Mar 2025 02:24:30 GMT

WASHINGTON, D.C. -- The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) announced Tuesday it will allocate $14.8 million in grants to help support improved pipeline safety initiatives. These grants are designed to focus on pipeline safety training, educational programming and resources as well as the advancement of pipeline safety technologies, per a release.PHMSA's mission is to “protect people and the environment by advancing the safe transportation of energy and other hazardous materials that are essential to our daily lives," according to its website. It also establishes national policies, sets and enforces standards as well as educates and conducts research in order to try and prevent incidents.“To ensure the safety of the world’s largest pipeline system, we need every level of government and the non-profit sector working to mitigate risk,” said Tristan Brown, PHMSA's deputy administrator, in the release. “These grants will pro...

Austin outlines steps toward equitable electric vehicle charging stations

Published Wed, 05 Mar 2025 02:24:30 GMT

AUSTIN (KXAN) -- Austin Energy officials detailed its latest progress toward a more equitable distribution of electric vehicle charging stations in a Monday memo.AE is working to develop a vision plan for the citywide distribution of both DC fast chargers and Level 2 chargers. AE is also looking toward an initial three-year implementation phase as well as is eyeing federal incentives and grant opportunities to assist in its efforts, per the memo.Its vision plan includes a three-tiered focus:Amount of public charging needed to support EV adoptionEquitable distribution analysisInfrastructure deployment methodsUnder the City of Austin's Climate Equity Plan, the endeavor identified a goal of 226 megawatts of charging to be available "to support the goal of having 40% of vehicle miles traveled me electric," per the memo. Reaching that goal is a combined effort of publicly provided charging infrastructure, as well as private sector investments.Currently, the Plug-In Austin network feature...

Twins rally in ninth to beat Reds 5-3 in series finale

Published Wed, 05 Mar 2025 02:24:30 GMT

CINCINNATI — Hunter Greene’s first opportunity to pitch against the one team that passed him up in the draft all those years ago couldn’t have gone much better for the Reds starter.Greene, whom the Twins passed up to select Royce Lewis first overall in the 2017 draft, threw seven dominant innings on Wednesday, striking out 14 batters, but after his departure, the Twins made sure the start went for naught.The Twins scored three runs in the ninth for a comeback 5-3 victory on Wednesday afternoon at Great American Ball Park. With the win, the magic number is now at two, putting the Twins in position to clinch the American League Central title in the next few days.A day after Willi Castro took away four runs with his glove and added another two with his bat, the utilityman again sparked the Twins’ offense. Castro provided the only offense against Greene in his seven innings of work, hitting ninth home run of the season.And in the ninth inning, Castro laid down a perfectly-placed bunt an...

Bocce or bust: Special Olympics back in Glens Falls

Published Wed, 05 Mar 2025 02:24:30 GMT

GLENS FALLS, N.Y. (NEWS10) - On Wednesday, a game of bocce ball was underway at City Park in downtown Glens Falls. Some players were local athletes, others city employees; and all were there for the same purpose. Get the latest news, weather, sports and entertainment delivered right to your inbox! Members of Special Olympics New York joined city officials at the park gazebo to talk about the 2023 Fall Games, an annual tradition of Special Olympics New York that brings as many as 1,000 athletes to town annually. The event was introduced by Jude Killar, a longtime athlete and an employee of the organization since 2019. Then and now alike, it's all about the people you meet."Going to the state Special Olympic Games as an athlete is a great experience - not just to play, but also for newer people who have just joined Special Olympics," said Killar. "I've met other players, when I played basketball, and they're really good to know and talk with. "The 2023 Fall Games kick off on Friday,...

Iconic Budweiser Clydesdales will no longer have their tails shortened

Published Wed, 05 Mar 2025 02:24:30 GMT

The iconic Budweiser Clydesdales will no longer have their tails shortened using a common, yet controversial, procedure that has drawn the ire of animal activists, parent company Anheuser-Busch InBev announced Wednesday.The brewer said in a statement that the change was made earlier this year, stressing that the safety of the horses was a “top priority.” The statement coincided with an announcement that it had obtained an animal welfare certification for the horses, as well as the dalmatians that serve as their companions.The People for the Ethical Treatment of Animals, or PETA, led protests and mounted a nationwide ad campaign, with billboards depicting the horses reading “Severed Tails: Cruelty to Clydesdales.” With the announcement that tail-docking has ceased, PETA is “cracking open some cold ones to celebrate," Senior Vice President Kathy Guillermo said in a news release. Federal agents head operation on I-270 in St. Louis County The Clydesdales, mainstays in commercials and ...

Arrest made four months after fatal shooting in north St. Louis

Published Wed, 05 Mar 2025 02:24:30 GMT

ST. LOUIS – A man accused in a deadly shooting in north St. Louis more than four months ago is now behind bars. Police arrested Jay’shaun Payton, 23, in connection with the investigation on Sept. 18. Prosecutors have charged him with first-degree murder and possession of a weapon at the time of the murder.Payton is accused in a shooting on May 10 that resulted in the death of Andrew Smith, 56, in the 4000 block of Kennerly Avenue. Federal agents head operation on I-270 in St. Louis County When police responded to the shooting, they found Smith on his front porch with gunshot wounds. Police say he had a one-year-old child with him who sustained minor scratches, likely from flying debris, during the incident. Smith was pronounced deceased at the scene. The one-year-old was examined and determined not to require hospitalization.Meanwhile, Payton is jailed in St. Louis City.

Denver suburb lifts ban on new outdoor pickleball courts, but will new rules stifle noise impacts?

Published Wed, 05 Mar 2025 02:24:30 GMT

Pour the concrete, paint the lines and stand up the nets.Centennial lifted its six-month ban on the construction of outdoor pickleball courts shortly before midnight Tuesday after the City Council passed new rules and regulations for a sport that has exploded in popularity across the country in recent years. It also has generated a spate of noise complaints nationwide and resulted in court closures and lawsuits.The vote to end the March moratorium on new court construction was 9-0 during the four-hour meeting. But several council members noted that this is not the end of the discussion about the potential impacts of pickleball play.“We do need to get something on the books, at least a line in the sand right here,” Councilman Richard Holt said. “It’s not going to be perfect — this is the first shot we’re doing. Denver metro is looking at us, (so is) Colorado, maybe even nationwide. I think we’re one of the first municipalities to tackle this ...