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, May 24th, and I'm your host, Kim Khan.

It's a holiday shortened week with markets closed Monday for Memorial Day. At the

tail end of earning season, the focus shifts back to the macro picture, and specifically

inflation. The main event comes Thursday with the April core PCE price index, the Fed's preferred

inflation gauge, at least for now. New Fed Chief Kevin Warsh has shown a preference for the

trimmed mean PCCE inflation rate,

which strips out the most extreme price moves on both the upside and the downside.

This time around, economists expect core PCE to rise at an annual rate of 3.3%.

A heavy slate of Fed speakers through the week, including John Williams, Austin Goulsby,

and Neil Kashkari, could further shape rate expectations.

Whilst Fargo economists say renewed price pressure is eroding household purchasing power,

while a cooling labor market and lackluster hiring are weighing on wage growth.

We look for broad personal income to rise 0.4% on the month,

leaving real income growth weak and unlikely to sustain current spending momentum,

they said. On the earnings front, Salesforce reports Wednesday with analysts' consensus,

calling for EPS of 313 on revenue of around $11 billion.

Analysts say customers are increasingly committing to AI use cases, while investors will also

be watching for signs

that the company's AI narrative is translating into measurable business momentum.

Also on the earnings calendar, Z-scaler reports Tuesday. Marvel, Snowflake, and HP report Wednesday.

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