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More than two-thirds – 68% – of CEOs recently 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, also found that 61% of CEOs reporting economic conditions worsening over the past six months. Only 14% of CEOs reported improving economic conditions.

A majority of executives said they believe the economic downturn would be relatively mild, although 11% said they felt tightening from the U.S. central bank could trigger a “challenging” recession.,

Read the full report here.