Home Depot (HD) exec says it is mostly done with tariff-related pricing actions; not counting on a lot of support from tax stimulus
Home Depot's executive remarks indicate they are nearing the end of adjusting prices for tariffs, suggesting a stabilizing cost structure moving forward.
[MARKET UPDATE]: Salesforce (CRM), Novo Nordisk (NOVOB DC), Accenture (ACN), Infosys (INFY), Spotify (SPOT), Intuit (INTU) shares moving higher as Anthropic announces its partners at new products event
BoE's Bailey said last week's inflation was roughly where they thought it would be. Good price inflation was lower than forecast possibly due to China. Service price inflation has not eased as much as predicted.
Home Depot (HD) exec says it is mostly done with tariff-related pricing actions; not counting on a lot of support from tax stimulus
Fed's Waller (voter, dove) says AI will not completely take humans out of the picture, it is a tool; says The Citrini report on AI overstates the risk to jobs.
BoE's Pill says in the past the BoE has perhaps put too much weight on inflation being at target as opposed to future risks
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Additionally, the expectation of limited support from tax stimulus may point to cautious consumer spending outlook, which could impact their sales performance. Traders should consider possible implications for the broader retail sector and consumer discretionary stocks as this reflects potential headwinds in the market.
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