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 July 27th, and I'm your host, Kim Kahn.

It would be hard to find a bigger week for Wall Street with the Federal Reserve

meeting on rates and four of the magnificent seven stocks reporting earnings. As far as the markets are

concerned, the FOMC decision is a foregone conclusion. Fed funds futures price in a 98% chance

that Chairman Jay Powell and company keep rates on hold. But the press conference will be a bar and burner

as President Donald Trump continues to pressure the Fed chief to lower rates, holding the possibility of firing Powell over

his head like the sort of Damocles. Trump even made a rare visit to the Fed itself,

ostensibly to discuss renovation cost overruns, an avenue that White House has floated as a

backdoor way to fire Powell. But that meeting left little impact on the market, although it did amuse financial Twitter

when Powell had to correct Trump on his cost figures in a scene many likened to a scene from the office.

Wall Street has seen some volatility over concerns about the Fed losing independence,

but every time the long end of the curve spikes, Treasury Secretary Scott Besson comes out

and assures traders that Powell won't be fired.

Maybe Trump is finding out the firing a Fed chairman without market consequences is not easy,

just like he said about his plan to break up NVIDIA. UBS chief economist Paul Donovan says,

Commerce Secretary Lutnik suggested U.S. rate should be cut now,

and Powell should resign or be fired. Do investors want to live in a world

where Fed independence is compromised and Lutnik influenced this policy? To judge from the dollar's

reaction, the answer is no. Two problems emerged from casting the Fed as a scapegoat for coming economic

problems. Fed attacks mean supporting rate cuts, for legitimate economic reasons, might create the

...