{"id":112288,"date":"2022-05-18T17:00:40","date_gmt":"2022-05-18T21:00:40","guid":{"rendered":"http:\/\/kendallharmon.net\/?p=112288"},"modified":"2022-05-18T18:02:40","modified_gmt":"2022-05-18T22:02:40","slug":"cnn-business-most-ceos-are-bracing-for-a-recession","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=112288","title":{"rendered":"(CNN Business) Most CEOs are bracing for a Recession"},"content":{"rendered":"

CEO confidence has tumbled to the weakest level since the beginning of the Covid-19 pandemic, The Conference Board said Wednesday.<\/p>\n

For the first time during the economic expansion, CEO confidence is now in negative territory.<\/p>\n

Worse, business leaders are bracing for a potential downturn caused by the Federal Reserve’s quest to tame inflation.<\/p>\n

A staggering 68% of CEOs surveyed by The Conference Board expect the Fed’s war on inflation will eventually trigger a recession. The survey, fielded between April 25 and May 9, measured responses from 133 CEOs of mostly public companies.<\/p>\n

The good news is that just 11% of CEOs anticipate a so-called hard landing, marked by a deep recession. The rest expect a “very short, mild” recession.<\/p>\n

Read it all<\/a>.<\/p>\n

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\u201c.. a staggering 68% of CEOs surveyed by The Conference Board expect the Fed's war on inflation will eventually trigger a recession.\u201d<\/p>\n

(via \u2066@MattEganCNN<\/a>\u2069) https:\/\/t.co\/xdGDZTA5D6<\/a><\/p>\n

— Carl Quintanilla (@carlquintanilla) May 18, 2022<\/a><\/p><\/blockquote>\n