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Walmart and Home Depot CEOs have suggested that the worst of inflation is over, with Walmart's CEO even mentioning the possibility of deflation in the coming months. The statement comes as consumers are reportedly resisting price increases, and US 2-year yields have fallen to their lowest since August. Walmart's CEO, Doug McMillon, indicated the potential for deflation during an earnings call, particularly in the prices of US groceries.
Deflation could be coming this holiday season, Walmart CEO says https://t.co/htTfLht58D
WALMART CEO SAYS SHOPPERS COULD SEE FALLING PRICES IN COMING MONTHS “In the US, we may be managing through a period of deflation in the months to come,” Walmart $WMT CEO Doug McMillon told analysts on an earnings call Thursday Granted, prices of Walmart’s US groceries and… https://t.co/USu2HLps0E
“Almost uniformly, consumers are pushing back on price.” Walmart raised the specter of deflation in the next year, while economists keep debating whether this is a "normalization" or something more pernicious. US 2-yr yields fall to the lowest since Aug. https://t.co/oDGTXzebHk https://t.co/MicusvOVB6
In consecutive days Walmart and Home Depot say the worst of the inflation is behind us. Walmart CEO is actually talking about deflation in the months ahead! Via @TheTranscript_ https://t.co/nPEkrHUHNZ
In consecutive days Walmart and Home Depot say the worst of the inflation is behind us. Walmart CEO is actually talking about deflation in the months ahead! https://t.co/SdLbINrXCh