Wall Street week ahead: Home Depot and Walmart report earnings, minutes of Fed meeting are released
Wall Street will receive financial updates from major retailers this week, including Home Depot and Walmart. The Federal Reserve will also release minutes from their most recent meeting. Home Depot is set to report its latest results on Tuesday, followed by Target on Wednesday and Lowe's on Wednesday, with Walmart following on Thursday.
The high inflation rate remains above 3%, causing concerns over consumer spending. The ongoing U.S. conflict with Iran has driven up oil prices, which in turn have increased gasoline prices. Investors will analyze results from Home Depot and Lowe's to gauge the housing market's response to rising costs. Results from Target and Walmart will shed light on household budgeting and spending habits.
The Fed held its interest rate steady during their July meeting due to worries about inflation, the job market, and the economy. However, three officials voted for higher rates, leading to a "good family fight" according to Fed Chair Kevin Warsh. Wall Street anticipates at least one interest rate increase before the end of 2026.
Written by urgent.news from Winnipeg Free Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
