Retailers Face High Inflation Headwinds as Earnings Season Begins

Wall Street investors are awaiting key earnings reports from major retailers Home Depot and Walmart this week. The results will provide insight into how consumers are handling high inflation, a persistent concern for the market.

Home Depot kicks off the earnings season on Tuesday, with Target and Lowe's reporting their quarterly financials on Wednesday. Walmart follows suit on Thursday.

The Federal Reserve's minutes from its most recent meeting will also be released this week, offering further clues about the central bank's monetary policy decisions.