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 August 11th and I'm your host Kim Kahn.

Remember inflation? After fixating on the unemployment situation,

the markets will get their fix of consumer and

producer prices this week.

The big show will be on Wednesday when the July C. P.I. is due.

The consensus is for a 0.2% monthly rise in the headline number with the annual rate staying at 3%.

The core CPI is seen rising from 0.2% as well, dipping to an annual rate of 3.2%. Wells Fargo economists say, weakening in the jobs market

may have finally stolen the spotlight from inflation, but the extent to which the

FOMC reacts to the dimming labor picture depends in part on how price data unfold from here.

The past two months of inflation prints have shown that the downward trend in price growth

is back on track after the first quarter derailment.

The July-CPI report is likely to further the case that inflation is quieting down, even if

it has not yet returned to the Fed's target.

They say gasoline prices rose a little over 1% during the month, while grocery store prices were likely little changed amid more stable input prices and rising promotional activity.

With core goods inflation already running below its pre-pandemic pace, more material

cooling and services is needed to continue to drive core inflation lower, they added.

Currently the market is pricing in a 100% chance at the Fed cuts rates at its September meeting,

but it's a coin flip now on whether the cut will be 25 or 50 basis points.

On Saturday, Fed Governor Michelle Bowman warned about the Fed overreacting to any single data point.

She called for gradual accommodation if inflation continues on its current path to 2%, but she's

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