Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

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 Kahn.

He's the senior managing news editor at Seeking Alpha, and the host of our new afternoon show,

Wall Street Lunch.

So, Kim, when we're looking at the big picture for next week, what do you see?

Well, from the back of the front, it's going to slow slow down a bit but of course you're going to have a lot of Fed speak that's going on and we've got some numbers like durable goods, new home sales, consumer confidence beginning of the week, but, but the focus of the end of the week is really on the personal spending and income numbers which come along with the PCE deflater which the Fed watches closely as a gauge for inflation, the core PCE price index to be specific.

Right now the market is looking for pretty much no change from what happened last month with a rise of 0.4% for the month and 4.7% annual rate staying steady.

But the Fed's going to be watching this closely because of whether or not it gives another hint. If it starts to get

to back in the hot side as we kind of saw with inflation creeping up in the UK that

can be a concern for them. As the market's concerned though, the big thing that they're

watching is whether or not inflation cools off a little and if it does, then they're going to be even

more skeptical about what FedJ Powell was saying, about more rate hikes, especially the two that the dot plot has penciled in.

Tell me this, what do you make of how the market reacted to J Powell's testimony, his two days of testimony this week.

I mean a lot of people are saying that it's selling off this week because he was more firm

about more rate hikes being needed but I think that was pretty clear in his press conference in the statement anyway.

I'm more inclined to think that this is just a breather after five straight weeks of a rally for the S&P.

Now let's talk about earnings. I know companies reporting

earnings next week include the cruise line carnival to kick off the week.

Midweek we have Micron technology and consumer stapleaple General Mills followed by Nike on

Thursday and Constellation Brands on Friday. So Kim tell me what do you think we should

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