Retailers Face High Stakes Earnings Reports Amid Inflation Concerns

Wall Street is bracing for earnings reports from some of America's largest retailers this week. The Federal Reserve will also release minutes from its most recent meeting, which could provide insight into the central bank's views on inflation.

The retail sector has been under pressure due to stubbornly high inflation, which has led to higher costs and reduced consumer spending power.

Home Depot is set to report its latest results on Tuesday, followed by Target and Lowe's on Wednesday. Walmart will release its earnings on Thursday.

The reports will help investors better understand how businesses are coping with the economic environment and whether they can pass on price increases to consumers without losing sales.