Huntington CEO Steinour: Seeing Strong Growth in Midwest

The transcript discusses economic growth in Middle America, highlighting strong growth in housing and auto industries despite challenges from a strong dollar. Unemployment is below 4%, leading to wage inflation. The speaker suggests a preference for rising interest rates to manage inflation. Additionally, the impact of digital transformation on branch networks is discussed, with a focus on maintaining in-person services despite the push towards mobile banking.

What sectors are showing strong growth in Middle America according to the transcript?

• Retail and Hospitality

• Housing and Auto

• Technology and Healthcare

• Agriculture and Mining

What is the current unemployment rate in some markets mentioned in the transcript?

• Exactly 5%

• Below 4%

• Above 5%

• Around 4%

What type of inflation is occurring in the Midwest according to the transcript?

• Deflation

• Hyperinflation

• Cost-push inflation

• Demand-pull inflation

What is the suggested action regarding interest rates in response to inflation?

• Decrease interest rates

• Keep interest rates stable

• Increase interest rates

• Abolish interest rates

How is the demand for banking services expected to change with technological advancements?

• Increase in demand for physical branches

• Decrease in demand for in-person advice

• Decrease in demand for digital services

• Increase in demand for in-person advice