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Layered on top of a still-developing trade war, President Donald Trump's attack on Iran puts markets in decidedly uncharted territory. Much will depend on how Iran responds to the attack. Trump said in Saturday's White House address, if Iran doesn’t "make peace" then "future attacks will be far greater and a lot easier."
In addition, Trump's "Big Beautiful Bill" could make fresh headlines this week as Senate Republicans gear up for a potential vote on their tax-cut tweaks to the House version. Also, Fed Chair Jerome Powell delivers his two-day semiannual monetary policy report to Congress on Tuesday and Wednesday.
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