![\"Stifel](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2022\/08\/stifel-survey-768x432.jpg\")
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A survey by NYSE-listed Stifel Financial shows that most executives are bracing for a recession in the U.S. <\/strong>In addition, \u201c53% of respondents believe that inflation will be an issue for the next two quarters to a year.\u201d<\/strong><\/p>\n Stifel Financial Corp. (NYSE: SF) announced the results of a survey it conducted on the state of the U.S. economy last week. The St. Louis-headquartered financial services company surveyed 70 corporate executives, business owners, and private equity investors between July 18 and Aug. 5. According to the company:<\/p>\n Nearly all respondents believe the U.S. economy is either already in a recession (18%) or will face one within the next 18 months (79%).<\/p>\n<\/blockquote>\n Noting that 3% think the U.S. economy will avoid a recession entirely, the firm added that \u201cInflation and the tight U.S. labor market represent the two biggest perceived threats to business today.\u201d<\/p>\n Moreover, \u201c53% of respondents believe that inflation will be an issue for the next two quarters to a year, with another 43% expecting elevated prices to persist for even longer,\u201d the financial services firm detailed.<\/p>\n Meanwhile, half of the survey respondents are \u201cvery concerned\u201d about inflation, Stifel stressed, elaborating:<\/p>\n An overwhelming majority (81%) are primarily passing rising costs on to consumers instead of absorbing costs in profit margins, cutting overhead, or changing suppliers.<\/p>\n<\/blockquote>\n Many analysts, economists, and executives have shared their thoughts on whether the U.S. economy will be in a recession.<\/p>\n Last week, JPMorgan CEO Jamie Dimon<\/a> warned that \u201csomething worse\u201d than a recession could be coming. Tesla CEO Elon Musk<\/a> recently said that inflation has peaked but we will have a recession that could last about 18 months. Bank of America<\/a> has predicted that the U.S. will slide into a recession this year.<\/p>\n President Joe Biden said earlier this month that the U.S. economy had zero inflation<\/a> in July. His statement followed an attempt by his administration to redefine<\/a> the technical definition of a recession.<\/p>\nMost Executives Surveyed Say Recession Cannot Be Avoided<\/h2>\n
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