BOCA RATON, FL, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Mitch Gould, founder and CEO of Nutritional Products International, is confident because consumers are confident.
The Consumer Confidence Index reached a three-month high of 91.3 in February, a 2.4 point increase from January.
“Consumer confidence tells us whether Americans are optimistic or pessimistic about the U.S. economy,“ Gould said. “A three-month high in the consumer confidence indicates that people are bullish about the current and future economy.“
Gould said Americans are probably confident because it appears Congress will pass all or most of President Biden's $1.9 trillion stimulus package and that COVID-19 vaccinations are ramping up since January.
“We already have more than 60 million vaccines administered,“ Gould said. “Almost 1.5 million doses are being given daily.“
Gould said the U.S. is on target to surpass the government's goal of 100 vaccination shots in President Biden's first 100 days in office.
“Congress is moving forward with Biden's stimulus bill, and people are seeing that millions of people are being vaccinated every week,“ Gould said, adding that the number of COVID-19 cases is on a downward track. “This one-two punch is giving American ...
Full story available on Benzinga.com