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, the obvious is the FOMC meeting, right?

Yeah, it's the big one, even though it's a kind of foregone conclusion as far as the markets are concerned.

There's something of a 99% chance that they're going to keep rates steady.

It's still a big deal on the press conference and what they said thinking is, what they're considering, given the economic landscape.

And as we record this today on Thursday, we just got a bunch of more data on how the economy is doing.

And we saw this surge in Q3 GDP annualized rate of 4.9%. You know, that's more than double what

Q2 was at 2.1%. It was well ahead of very strong expectations of around 4.2%.

So suddenly he's got this economy humming along.

Also you've got inflation pressures kind of easing off, which was also seen in the GDP numbers with the core PCE down to 2.4%, which was also below forecasts. So just a bit, the consensus was 2.5%. So there's a lot of talk about a kind of soft landing scenario really being

within grasp, the kind of Goldilocks numbers coming out. It's going to be interesting to see what

Powell has to say. Okay, so you led right into my next question.

Which direction do you think they'll go,

especially based on the numbers that we just got today?

Well, I mean, I think that they'd be very happy with the numbers as in it. There's a lot of ways you could kind of interpret the data to say it wasn't as strong as it looked and so there's some pockets of weakness on but overall you have a strong consumer spend coming in and if the consumer holds up that bodes well for soft landing.

...