Citigroup: Negative Assessment; FOMC: Liquidity vs the VIX
New York | Fed Chairman Jerome Powell confirmed this week that the FOMC is unlikely to make any further reductions in interest rates for the balance of 2019. Various market observers have offered opinions about whether the interest rate environment is good for banks and those with leverage or not. Suffice to say that the spreads between rates in dollars and different currencies – specifically euro and yen -- are more important than the notional "neutral rate” of interest in