The 2025 edition of the World Nuclear Industry Status Report suggests 2024’s record global nuclear power generation of 2,677 terawatt-hours will be hard to maintain in coming years due to lack of required investment, aging plants and project disruptions. The report states the world would need 44 additional reactor startups beyond those already scheduled to keep global nuclear output steady through 2030 (lifting annual startups to two and a half times the past decade’s pace.
Fed drama continues. As President Trump’s Governor appointee Stephen Miran calls for a third goal of “moderate long-term interest rates” to be added to the Fed’s dual mandate, House Committee on Financial Services Chairman French Hill (R-Ark.) introduced the Price Stability Act of 2025, designed to end the dual mandate and refocus the Fed exclusively on stable prices. Earlier this month, Treasury Secretary Bessent penned an essay entitled The Fed’s New “Gain-of-Function” Monetary Policy, suggesting the Fed’s post-GFC unconventional policies have distorted financial markets, diminished independence and manufactured adverse consequences for the U.S. economy.
Fears of a 10/1 U.S. government shutdown are on the rise as the Senate rejected (44-48) a Republican led budget proposal which passed in the House (217-212) to fund federal departments and agencies through November 21.
In the latest example of cryptocurrency volatility, Coinglass reports 407,000 traders had $1.5 billion of crypto positions liquidated on Monday during a broad selloff during which ether fell as much as 9% and bitcoin fell 3%.
Euro Stoxx 50 -0.5%, S&P futures -0.3% and Nasdaq futures 0.35%. DXY dollar index -0.14%, spot gold +1.1% and spot silver +1.6%.
