U.S. Economic Confidence Index Continues to Climb

Gallup's U.S. Economic Confidence Index continues to show improvement, averaging +4 for the week ending Jan. 11. The index is up from +1 the week before, and is at its highest level since Gallup began tracking it daily in 2008.

After nearly seven years in negative territory, the index first moved into positive territory in the final week of 2014. The index was +1 for the week of Dec. 29, 2014-Jan. 4, 2015, and has since improved another three points.

The confidence indexes are among the most important to watch at this time. As confidence increases, consumers are more likely to loosen there wallets---and accelerating price inflation will follow.

The Federal Reserve is remarkably clueless to this threat. There failure to recognize the developing accelerating price inflation will be their next major disaster.

-RW