The combination of COVID-19 government stimulus and a strong job market are still buoying consumer finances, said René Jones, CEO of M&T Bank MTB.N. "The consumer and businesses are in good shape," said William Rogers, chief executive officer of Truist Financial Corp TFC.N. The U.S. Federal Reserve has said it will continue to raise rates as it tries to tame inflation, sparking fears the central bank could cause a recession.