Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's market moving events,

along with the weekend's top news and analysis.

Hello, today is Sunday April 28th and I'm your host Kim Kahn.

It's a big week on the Economic and Earnings Friends with the Fed meeting, the April jobs report,

and the last of the rate decision on Wednesday.

That's a foregone conclusion as far as the markets are concerned. Fed Funds futures are pricing in a 98% chance that rates stay

between 5.1 quarter and 5.5%. So all attention will be on any change in the statement

and what Fed Chairman Jerome Powell has to say at his press conference.

Friday's inline rise in the core PCE price index, the preferred inflation gauge of the FOMC,

ease some worries about stagflation sparked by a week Q1 GDP report, but there are still

bound to be some questions put to Powell about it. Clark Bellin, president and CEO of

Bellwether Wealth, says Friday's PCE print keeps rate cuts on the table for

2024 we expect any rate cuts to come towards the end of the year which will allow

the Fed to analyze a few more inflation reports to ensure that the re-acceleration of inflation

over the past few months was indeed a temporary uptick and not something more

sustainable. The market has been too optimistic about the speed and quantity of

rate cuts and these high levels of inflation make it very difficult to justify an interest rate cut anytime soon.

Be sure to check out Seeking Alpha's Analysts Roundtable on when the Fed will start to cut rates, I'll put the link at the top of shownuts for that.

The jobs report hits Friday as usual.

Economists expect that non-farm payrolls rose by 250,000,

with the unemployment rate steady at 3.8% and average hourly earnings up 0.3%.

Stephen Gallagher, head of America's research at Society General, is expecting strong

...