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Economy

Federal Reserve Chairman Kevin Warsh speaks during a press conference following the Federal Open Market Committee's interest-rate decision in Washington

Fed keeps interest rates unchanged, but two officials dissented in favor of a rate hike

By Rachel Siegel The Federal Reserve on Wednesday held interest rates steady, even as inflation continues to weigh on American households. The widely expected move leaves the Fed’s benchmark interest rate at a range between 3.75% and 4%. In a statement, Fed leaders said uncertainty was still high, in part because of “geopolitical developments.” Officials

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Consumer advocates warn Missouri lacks data center cost safeguards, but regulators disagree

The Consumers Council of Missouri believes state regulators do not have strong enough safeguards in place to ensure data center power costs are not falling back on the average Missouri ratepayer.

“The decision makers in Missouri have tended to err on the side of promoting data centers rather than protecting the public,” CCM Executive Director John Coffman said. “It’s an ongoing regulatory battle.”

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Columbia Fire Department receives $60k in extra funds for fuel as diesel prices soar

COLUMBIA, Mo. (KMIZ) The Columbia Fire Department is receiving an additional $60,000 for fuel purchases as diesel prices reach record levels in Missouri and nationwide. The Columbia City Council approved the money as part of the city’s fourth-quarter adjustments to its fiscal 2026 budget. The one-time funding will come from the city’s general fund balance.

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‘Extremely troubling’: Expert warns against using ‘buy now, pay later’ plans for basic necessities

Buy now, pay later. ​It can seem like a great deal for more than a quarter of Americans living paycheck to paycheck. Make a purchase today, and split the cost over about four interest-free payments. ​The “Buy Now, Pay Later” payment plan is growing rapidly in popularity as consumers face higher prices and tighter budgets. Recent data shows nearly half of Americans have turned to BNPL services. ​And some statistics are startling experts like Jared Reynolds, CEO and Founder of Freedom Wealth Planning in Columbia.

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