Thanks for

joining us today. I'm Julie Morgan host of Wall Street Breakfast,

Seeking Alpha's Daily Flagship Podcast.

This is our weekly show all about the catalyst for the upcoming week.

I'm joined by Kim Khan.

He's the senior executive editor at Seeking Alpha

and the host of our new afternoon show, Wall Street Lunch.

Kim, next week we have CPI.

Yeah, the big inflation number that everyone will be watching and it's coming in kind of tandem.

We're recording this the day before the September payrolls report and then there's the September

CPI report that's coming next Thursday. For the numbers, the CPI people are looking for 0.2

0.3% rise in headline and core. Having that core rate get closer to 4% goes below that, that would be big news.

I feel like it's a bit of a Godfather three type of market in the way that I think I'm out and they pull me back in.

And that's what's happening now, basically. I think I'm, I can look beyond the Fed because they're kind of, they're with their tightening cycle but no the Fed's still holding sway over this but really through their button man which is the bond market and the bond market is really in control of things right now, the sovereign treasury bond market, because of the

rates on the long end are going so high and making such huge moves.

For an example, we saw that this past week, the 10-year treasury yield peak at 4.9% and that was overnight

Tuesday and Wednesday. Right now it's trading back as we record. There's

afternoon at 4.7% so you see the 20 basis point move from there.

Those are really major moves and that signs a very jittery market of a lot of

volatility in that market and a lot of people trying to gauge just how long the

Fed is going to be tightening and higher for longer mode and really trading off

every piece of economic data. So getting back to the CPI, this is going to be a really big one

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