Retailers Take Center Stage as Wall Street Awaits Earnings and Fed Minutes

Wall Street is bracing for a flurry of earnings reports from top retailers this week, as well as crucial updates on interest rates.

The Federal Reserve will release minutes from its July meeting on Wednesday, providing more insight into the central bank's policy discussions. The Fed kept interest rates steady in July amid concerns over inflation, the jobs market, and economic growth.

Three officials dissented in favor of higher rates during the meeting, with Fed Chair Kevin Warsh describing it as a 'good family fight.'

Investors are eagerly awaiting earnings reports from Home Depot on Tuesday, followed by Target and Lowe's on Wednesday, and then Walmart on Thursday. These results will give a more detailed picture of how businesses and consumers are handling stubbornly high inflation.