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, February 4th, and I'm your host, Kim Kahn.

Our top story to look out for this week.

Fed speakers unleashed. Federal Reserve members emerged from the quiet

period following last week's meeting faced with a January blowout jobs report.

Investors will be looking for what it means for rate trajectory with a labor market that added

355,000 to payrolls last month. Fed Chairman Jay Powell appeared to shut the door

on a March rate cut in his press conference saying it was unlikely. The payroll's gain and a rise in average

hourly earnings of 0.6 percent, twice the consensus, would seem to have bolted that

door if not nailed crooked pieces of wood across it with spookly scrawled keep out warnings.

Wells Fargo economists say the employment report clearly reinforces the view that a rate cut

is not coming at the March meeting. The doves on the FOMC should feel comfort in that the

labor market is not on the precipice of a material deterioration in the near term,

while the Hawks likely will feel emboldened to wait for at least a few more inflation data points

to ensure that the inflation genie is back in the bottle. Stephen Blitz inflation data

data points to ensure that the inflation genie is back in the bottle.

Stephen Blitz, economist at Global Data, T.S. Lombard, goes further.

He says a hike won't happen, but the question is worth pondering

based on the idea that sustained growth lays waste to the Fed's

art and defense of 50 basis points as the neutral real funds rate.

If we raise the neutral rate back to 2%, the long-term normal and what forward markets

...