Weekly Focus - US Markets Shrug Off Attack on Fed Independence - Action Forex

Weekly Focus - US Markets Shrug Off Attack on Fed Independence - Action Forex

Powell's relatively dovish stance at Jackson Hole a week ago has lingered in markets and rippled through to particularly US equity markets this week. The US outperformed European equities throughout the week, particularly due to a selloff in French banks on the back of an imminent government collapse in France. US treasury yields and Bund yields traded lower while French and peripheral bond spreads widened as French PM Bayrou is phasing a no-con…