Fed could be forced into steep rate cuts if U.S. economy is a casualty of trade wars, Citi says - MarketWatch
1. Citi predicts U.S. economy weakness, possibly needing five rate cuts this year. 2. S&P Global reports on service and manufacturing sectors will reveal current economic health. 3. Trump's trade wars may elevate economic transition difficulties and unemployment rates. 4. Fed faces dilemma between addressing inflation and supporting economic growth. 5. DJIA decreased by 2.78%, reflecting market reaction to economic forecasts.