Fed's Collins wants to see inflation cool in more categories before supporting rate cuts 
 

Collins said she saw signs of slowing demand in the economy, which she said was welcome to reduce price pressures. But there is a lot of uncertainty about when and how much, growth is likely to slow.


 
U.S. economy's fourth-quarter growth rate downgraded to 3.2%, GDP shows. Still very strong. 
 

The growth of the economy in the fourth quarter was downgraded slightly to a 3.2% annual pace, but the U.S. is still expanding at a rapid clip and shows few signs of slowing down.


 
Nasdaq Falls, Bitcoin Extends Rally 
 

Stock indexes were modestly lower, as the artificial-intelligence mania that fueled the stock market to record highs this year was taking a breather.


 
China to Step Up Oversight on Direct Market Access Strategy 
 

The move by the China Securities Regulatory Commission comes after other recent measures aimed at boosting investor sentiment in China's sluggish stock markets.


 
U.S. trade in goods deficit widens 2.6% in January 
 

The U.S. trade deficit in goods widened 2.6% to $90.2 billion in January, according to the Commerce Department's advanced estimate released Wednesday.


 
Speaker Mike Johnson Makes Offer to Fund Government, Avoid Shutdown 
 

The proposal would push the funding expiration date for federal agencies poised to lose money after Friday until March 8.


 
Eurozone Confidence Struggles to Recover 
 

The eurozone sentiment indicator unexpectedly worsened in February, with consumer confidence improving slightly but all other economic sectors deteriorated.


 
U.S. Crude Oil Stocks Rose by 4.2 Million Barrels Last Week 
 

U.S. crude oil inventories rose by 4.2 million barrels last week, surpassing estimates for a rise of 1.5 million barrels.


 
Mortgage rates stay over 7%, stalling home-buying demand 
 

Mortgage applications fell 5.6% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.04%.


 
Canada's 4Q Current Account Deficit Narrows to C$1.62 Billion 
 

Canada's current-account deficit continued to narrow in the final quarter of last year largely due to a rise in the goods surplus, though for the year the country's deficit widened with a decline in goods exports with lower energy prices.


(END) Dow Jones Newswires

02-28-24 1315ET