Retail earnings and Fed minutes set the tone for Wall Street this week
Wall Street will review earnings from Home Depot, Target, Lowes and Walmart while the Federal Reserve releases July meeting minutes.
This week’s market agenda includes earnings releases from major retailers: Home Depot reports on Tuesday, Target and Lowes on Wednesday, and Walmart on Thursday. The data will help gauge consumer behavior amid persistent inflation that remains above 3% and recent spikes in gasoline prices linked to the U.S. conflict with Iran. Home Depot and Lowes results may shed light on the housing market and home-improvement spending, while Target and Walmart forecasts will indicate broader household budgeting trends.
On Wednesday, the Federal Reserve will release the minutes from its July meeting, where policymakers kept rates steady but three members argued for a hike. Fed Chair Kevin Warsh told reporters the discussion resembled a "good family fight." Market participants expect at least one additional rate increase before 2026 ends.
Why it matters
Retail earnings and Fed minutes will signal consumer health and future interest-rate moves, affecting investors and everyday spending.
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