The Pre-Game Report | Thursday, October 31, 2024
Document Thursday, October 31, 2024 Macro Analysis: The market is poised for a volatile day, with a flurry of US economic data releases set to shake things up. The focus will be on the US Personal Income and Spending report, which will offer insights into consumer spending patterns and inflation pressures. The core PCE price index, a key inflation indicator closely watched by the Fed, will also be released, providing further clues about the trajectory of monetary policy. On the geopolitical front, tensions remain high between the US and China, with the recent escalation of trade disputes and the ongoing military build-up in the South China Sea keeping investors on edge. This uncertainty could weigh on global markets, particularly in the technology sector, which is heavily exposed to Chinese demand. Furthermore, the upcoming US Presidential e...