A key measure of CEO confidence dipped slightly lower into negative territory, according to a survey of executives out Thursday morning. • About two-thirds said they expect stagflation over the next year and a half.

Why it matters: It's a sign of the uncertain business environment — as leaders grapple with a constantly changing policy landscape, particularly around tariffs.

By the numbers: Confidence dipped one point from the previous quarter, to 48, per the report from the Conference Board, a nonpartisan think tank and the Business Council, an association of CEOs. • A number below 50 reflects more negative than positive responses. • 64% of CEOs said that they are preparing for a mild economic slowdown with slightly increased inflation pressure — a one-two punch known as stagflatio

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