Group 1 - The Federal Reserve maintained interest rates in July, marking the fifth consecutive pause, but signaled a hawkish stance by delaying potential rate cuts [7] - The dissenting votes from Fed officials Waller and Bowman represent the first instance of two dissenting votes since 1993, indicating internal political divisions [7] - Over 70% of economists express concern over political interference in the Fed's independence, particularly in light of Trump's pressure for rate cuts and threats to dismiss Powell [10] Group 2 - Trump's announcement of a 25% tariff on India starting August 1 has heightened global trade uncertainty, following similar tariffs on China [10] - The term "Tariff Blitzkrieg" has emerged in political discourse, reflecting the rapid and aggressive nature of Trump's tariff policies [11]