"Concerns rise as Walmart CEO predicts consumer resilience may wane despite deflationary signs"

Walmart CEO Doug McMillon expressed uncertainty about consumer spending in the coming year, citing higher credit card balances and dwindling household bank accounts. While Walmart has experienced stronger-than-expected sales this year, McMillon believes next year will present a different story. Deflation in certain categories, such as general merchandise, has led to a drop in prices, creating a new dynamic for the retailer. Despite the challenges, McMillon remains confident in Walmart's ability to drive growth and believes that lower prices are preferable to higher prices.