Jay Woods , who has spent more than three decades on the floor of the New York Stock Exchange, discusses what the pros are watching in the markets this week. From a big-picture standpoint, Woods will be watching Friday's consumer price index report, delayed a week by the government shutdown but still a closely watched economic and policy data point. Woods sees any annual inflation rate running higher than the 3.1% consensus as having the potential to "change the narrative" for the Federal Reserve, which is expected to announce a quarter percentage point rate cut at next week's meeting. Outside of that, the chief market strategist at Freedom Capital Markets will be watching: Big defense stocks that will be reporting earnings Friday. As sector play, he is looking at the iShares U.S. Aerospac

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