Retailers Face Inflation Pressure as Earnings Season Kicks Off

Wall Street investors will be keeping a close eye on several key events this week as major retailers report their earnings and the Federal Reserve releases its latest meeting minutes.

The first of these reports comes from Home Depot, which is set to announce its latest results on Tuesday. This will be followed by Target and Lowe's on Wednesday, with Walmart releasing its figures on Thursday.

These updates will provide investors with a more detailed picture of how businesses and consumers are handling the ongoing issue of high inflation. The Federal Reserve meeting minutes will also offer further insight into the central bank's thinking on monetary policy and interest rates.