Walmart CEO Says Shoppers Could See Falling Prices in Coming Months
- McMillon says prices could fall in dry groceries, consumables
- Comments are latest sign the Fed’s rate hikes are paying off
Doug McMillon
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
The head of the world’s largest retailer just used the D word on an earnings call: deflation.
“In the US, we may be managing through a period of deflation in the months to come,” Walmart Inc. Chief Executive Officer Doug McMillon told analysts on an earnings call Thursday.