Wall Street Braces for Retail Earnings and Fed Rate Policy Clues
The upcoming week on Wall Street will be marked by key earnings reports from major retailers and more details about the Federal Reserve's interest rate policy.
Home Depot is set to report its latest results on Tuesday, followed by Target and Lowe's on Wednesday, and then Walmart on Thursday. These releases will provide insight into how businesses and consumers are handling high inflation rates, which remain above 3%.
The recent surge in oil prices due to the ongoing U.S.-Iran conflict has led to higher gasoline prices, affecting spending habits across various goods, including groceries and shipped items. Home Depot and Lowe's results may offer clues about the housing market and consumer spending on home improvements.
In addition, Target and Walmart's earnings reports will shed light on household budgeting and spending patterns.