There is yet another good sign that the economy under President Donald Trump is rolling.
The consumer confidence is now at a place we haven't seen since flip phones were still popular. The index is now at 133.4. Lone Star College economist Hank Lewis tells KTRH that's a good spot to be in.
“Anything above 120 is considered highly positive. This is the most positive these results have been in a very long time,” Lewis said.
Eighteen years to be exact. So this means you are confident enough in the economy and confident enough in your job security to make major purchases. But when you do, you are finding something you might not have been expecting; prices are going up. Lewis explains why that's happening, too.
“For about a decade, the recovery was weak, and expansion was weak. So companies did everything that could to avoid raising prices,” Lewis explained.
But now they think they can, and that you'll pay those prices. Lewis says we will see this continue for the next six months or so.