The Fed Is Stuck, and Pretending Otherwise Doesn't Help Anyone

Holding rates steady for a third straight meeting isn't caution - it's an admission that the central bank's models aren't keeping up with the data.

Officials on the ground say the situation remains fluid, with conditions expected to change rapidly over the coming hours as crews continue to respond.

Local authorities have set up resources for affected residents, and state officials say additional support could be requested if conditions worsen.

This is a developing story and will be updated as more information becomes available from officials on the scene.