I believe in be the change you want to see in the world.
Was searching for this for a bit and finally figured it out so I am sharing it here for a future person to find.
if you want to display local time as HH:MM TT (AM/PM) aka 02:33 PM it is not possible.
Here is some code that will work to do this.
[[Now.toLocaleTimeString().substr(0,4 )]] [[Now.toLocaleTimeString().substr(8,10 )]]
Basically it is subtracting everything after the 5th character and then repeating the string and subtracting everything before the 8th character.
if you have a more efficient way I would love to know how to do it.