Home Depot says the worst of inflation is over — that could be good news for retailers and shoppers
Publishing timestamp: 2023-11-14 12:12:19
Summary
Home Depot's comments indicate that the worst of the inflationary environment may be behind us, giving hope for consumers and the broader economy. While Home Depot forecasts sales declines, the company's positive earnings and the flat inflation data provide some relief. However, retailers are still facing challenges with consumers becoming more selective in their spending. Cooling inflation could free up extra money for shoppers and potentially speed up the end of interest rate hikes by the Federal Reserve. However, relief may not come soon enough for the holiday season, and retailers are still expecting modest sales growth. Home Depot is focused on offering low prices but acknowledges that some factors driving inflation are beyond their control.
Sentiment: MIXED
Keywords: business, walmart inc, macy's inc, target corp, business news, retail industry, home depot inc, breaking news: business,
Source: https://www.cnbc.com/2023/11/14/home-depot-says-inflation-has-cooled-during-earnings-report.html