Retailers Take Center Stage on Wall Street Amid Inflation Concerns

Wall Street will receive important updates from major retailers this week, along with more details about the Federal Reserve's recent meeting.

The week kicks off on Tuesday with Home Depot reporting its latest results. Target and Lowe's are set to follow suit on Wednesday, while Walmart releases its financial update on Thursday.

These reports will provide investors with a better understanding of how businesses and consumers are handling high inflation, which remains above 3%.

The ongoing US-Iran conflict has led to higher oil prices and subsequently jolted gasoline prices. This could prompt households to adjust their spending habits in response to rising costs on everyday items like groceries and shipped goods.

Home Depot's results may offer insight into the housing market, while Target and Walmart's reports will provide more information about household budgeting and spending.