Retailers' Earnings and Fed Minutes Set for Release Amid Inflation Concerns

Wall Street is bracing for earnings reports from major retailers this week, including Home Depot and Walmart. The Federal Reserve's minutes from its July meeting will also be released on Wednesday.

The retailers' quarterly results will provide insight into how consumers are handling high inflation, which remains above 3%. Analysts expect the companies to share their strategies for navigating the economic uncertainty.

Home Depot and Lowe's will report their earnings on Tuesday and Wednesday, respectively. Target will follow on Wednesday, while Walmart's results are due on Thursday. The reports will help investors gauge consumer spending habits and whether households are shifting or cutting back on discretionary expenses.

The Federal Reserve held its interest rate steady in July amid concerns about inflation, the jobs market, and the economy's direction. However, three officials dissented in favor of higher rates during the meeting, with Fed Chair Kevin Warsh describing the policy discussion as a 'good family fight'. The central bank is expected to hike rates at least once before the end of 2026.