Financial News In 3 Minutes | February 2024

Welcome back to our February 2024 financial news in 3 minutes! Join us as we delve into the key developments that shaped the financial landscape last month.
In the US, potential interest rate cuts were hinted at by Federal Reserve Bank of New York President John Williams, pending inflation data. Canada's inflation rate slowed to 2.9%, sparking speculation about rate cuts.
On Wall Street, cautious trading ensued amid anticipation of inflation data. US equities saw slight losses following reports of slower economic expansion.
Canadian real estate witnessed a 3.7% increase in home sales, though prices varied across regions. Oil prices dropped in February due to speculation about inflation's impact on interest rates.
In summary, February brought cautious optimism about interest rates, mixed signals in the stock market, varied real estate trends, and oil price fluctuations. Stay informed and adapt your financial strategies accordingly. Thanks for joining me, and see you next time for more insights and analysis.
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