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, March 23rd, and I'm your host, Kim Kahn.

Investors will be looking through a new lens at the latest income and spending

figures out at the end of the week. Last week, Fed Chairman Jay Powell said, tempting fate,

some would say, that inflation from tariffs would likely be transitory. On Friday, the Fed's

favorite inflation gauge, the Core PCE Price Index, arise along with the personal spending

and income report. Wells Fargo economists say,

inflation remains a big hurdle for consumers, and we forecast some sticky price pressers in the

February data, which should keep the headline deflator at 2.5 percent and nudge the core deflator,

or PCE, up a 10th to 2.7 percent. But even if the inflation measure comes in hot, traders could give it a pass,

assuming that the Fed is already pricing in a tariff boost to prices. The March summary

of economic projections showed forecasts for Core PCE at 2.8% for this year, up from 2.5% forecast

in December. Markets are still pricing in a quarter point rate cut in June and are

split between two and three cuts for the year. So if inflation is losing the wow factor,

the attention will likely turn to growth. February durable goods orders arrive Wednesday,

with a 1% decline expected in headline and a 0.2% rise in core orders X transportation.

Orders shot up in January, and for a manufacturing sector beset by more bad news than

good in the past few years, purchasing managers wonder if this is promises of what

seemed to be or a genuine uptake in activity, Wells Fargo's team said.

Core Capital Goods orders have shown some signs of life more recently, suggesting a more

sustained, albeit slower rebound in activity. It's hard to see conditions overly supportive

of a broad and sustained recovery and capex spending, though, amid elevated uncertainty and still

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