Citi Continues To Lower Global Growth Estimates - 4th Downgrade To Year-Ahead Growth, Growth Globally Cut To 2.6% From 2.7%, 2016 Cut To 2.9% From 3.1% - SPDR S&P 500 (ARCA:SPY)

Citi notes the US is expanding but may be damped by pending EM-driven global recession. Does not expect any rate action until Spring 2016

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Citi Continues To Lower Global Growth Estimates - 4th Downgrade To Year-Ahead Growth, Growth Globally Cut To 2.6% From 2.7%, 2016 Cut To 2.9% From 3.1%