Group 1 - There is a significant investment boom in AI infrastructure, indicating that current interest rates may not be as restrictive as previously thought, potentially leading to further rate cuts and concerns about market bubbles [1] - Major US companies are heavily investing in data centers to leverage AI technology, which is expected to have a substantial impact on their business operations [2][3] - The spending on data centers is not particularly sensitive to interest rates, as it is driven by long-term assessments of productivity and investment potential in the AI sector [3] Group 2 - The company is utilizing various data sources to track inflation and growth in the absence of government data, including price statistics and wage inflation data from ADP [4][5] - The Beige Book is also referenced as a valuable source of information, providing insights into economic conditions, although it does not replace government data [5]