Group 1 - The equity markets are reaching new highs, indicating a market adjustment to tariffs, but potential Supreme Court rulings on tariffs could impact the U.S. debt load [1] - The Federal Reserve has cut its overnight lending rate, yet bond yields are rising, suggesting a complex market response [2][3] - Mortgage rates are nearing their lowest in a year, influenced by lower inflation and the Fed's movement towards a neutral stance [3] Group 2 - Tariffs are generating record revenue, contributing to a more sustainable fiscal position for the U.S., which may lead to lower interest rates over time [4][15] - The Congressional Budget Office (CBO) has been criticized for its low estimates of potential GDP growth, which contradicts observed economic indicators such as strong blue-collar wage growth and capital expenditure recovery [12][13] - The CBO projects that tariffs could reduce deficits by $4 trillion over a decade, highlighting their significance in fiscal planning [15]