NEW YORK/SAN FRANCISCO (Reuters) - In the next economic downturn, the Federal Reserve and other central banks may need to roll out their big guns sooner and use them more aggressively, or risk getting mired in growth-sapping deflation or worse.

NEW YORK (Reuters) - U.S. stocks sold off and the Nasdaq had its worst daily percentage decline in about three weeks on Friday as a spike in new coronavirus cases and data showing a stall in U.S. business activity in February fueled investors' fears about economic growth.

WASHINGTON (Reuters) - The U.S. consumer watchdog on Friday proposed establishing a national standard for how debt collectors must inform borrowers when they cannot be sued for expired debt.

WASHINGTON (Reuters) - U.S. manufacturing and services sectors activity stalled in February amid growing concerns about the deadly coronavirus' impact on the economy, boosting investor demand for safe-haven assets like government bonds.

WASHINGTON (Reuters) - Trump administration officials on Friday acknowledged that U.S. President Donald Trump's visit to India next week will not result in even a limited trade deal, saying they still have major concerns over India's trade barriers.

(Reuters) - 1/KING DOLLAR

NEW YORK (Reuters) - Expectations that spending on items ranging from hotels to clothing will continue to rise have helped make consumer discretionary stocks the most expensive sector in the S&P 500.

WASHINGTON (Reuters) - The United States may give American farmers additional money until trade deals with China, Mexico, Canada and other countries fully go into effect, President Donald Trump said on Friday.

BOGOTA (Reuters) - Colombia needs a more durable fiscal adjustment to meet its financial targets, the International Monetary Fund said on Friday, adding that the country's central bank should increase reserves to protect against external shocks.