CNBC Television published this video item, entitled “M&T Bank CEO: We’re going to see robust recovery due to stimulus” – below is their description.
M&T Bank has outperformed the broader market this year, rallying by 19 percent compared to just 11 percent for the S&P 500. M&T Bank CEO Rene Jones joins ‘Closing Bell’ to discuss whether the strong economic recovery will outweigh the risks of higher inflation.
CNBC Television YouTube Channel
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About This Source - CNBC Television
CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.
As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. One division of the business, S&P Global Ratings, is considered the largest of the Big Three credit-rating agencies, which also include Moody’s Investors Service and Fitch Ratings.