Fed Governor Cook: Before we start cutting interest rates, I would like to be more confident that inflation is trending towards 2%.

Fed Harker: Not sure when the Fed will reduce its balance sheet.

Fed Harker: The Fed doesn’t know what adequate reserve levels are, and markets will reveal it.

Fed Harker: There are no easy answers to the question of appropriate levels of liquidity reserves.

Fed Harker: The Fed is completely out of politics.

Fed Harker: If market financial conditions ease too much, the Fed will have to weigh that.

Fed Harker: Future Fed actions will be driven by data.

Fed Harker: The Fed can stand still for now and there is no urgency to cut interest rates.

Citi: We continue to believe that the extent of the U.S. natural gas price rebound will be limited, with prices expected to average approximately $2.1/MMBtu in the second and third quarters of 2024.

Market news: Rio Tinto executives discuss lithium industry issues with Chilean authorities.

Citi: Rising natural gas prices will increase the likelihood of a return to strong production, thereby raising expected storage levels, which will drive natural gas prices lower again.

American social media platform Reddit: 98% of revenue comes from third-party advertising on the platform.

Sources: IMF officials and Ukraine have reached a working-level agreement to allow the disbursement of the next $880 million loan.

American social media platform Reddit: net loss in 2023 will be US$90.8 million; net loss in 2022 will be US$158.6 million.

Investment Company Institute (ICI): Money market fund assets fell to $6.008 trillion in the week of February 21, the second consecutive week of decline.