Investors weigh geopolitical tensions and fading U.S. economic policy momentum ahead of Iran’s expected response to recent strikes.
Markets remain on edge as the U.S. awaits Iran’s retaliation for last week’s military strikes, heightening geopolitical risks. Oil prices and safe-haven assets have fluctuated amid uncertainty over the timing and scale of Iran’s response, which could disrupt global supply chains and energy flows.
President Trump’s affordability agenda, including drug pricing and housing reforms, has lost traction in Congress, dimming prospects for near-term fiscal stimulus. Analysts cite waning political capital and legislative gridlock as key hurdles, with midterm elections further complicating policy execution.
Equities and Treasury yields showed muted reaction in early trading, reflecting mixed sentiment over growth outlooks and geopolitical stability.