Who Needs a Digital Euro? Everyone Who Uses Money

Published on July 31, 2025

Consider the humble bank note. Wrinkled and torn as it may be, it’s the only government-issued legal tender — the only direct obligation of a central bank — to which most people have access.

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Initial Unemployment Claims Up 1K, Lower Than Expected

July 31, 2025
In the week ending July 26th, initial jobless claims were at a seasonally adjusted level of 218,000. This represents an increase of 1,000 from the previous week's figure and marks the first increase in six weeks. The latest reading was lower than the 222,000 forecast.

A Dovish Fed Would Be Nothing to Cheer

July 31, 2025
The Federal Reserve kept benchmark interest rates unchanged on Wednesday but edged closer to a resumption of cuts, perhaps as soon as the next monetary policy meeting in mid-September.