U.S. Markets close in 1 hr 2 mins

Rising wages could force the Fed to raise rates 4 times into 2018: NYSE trader

Alan Valdes, director of floor operations at Silverbear Capital, joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss the latest economic data from the Employment Cost Index, which shows wages growing year over year at a slightly higher than expected 2.5% rate. What are the implications for Federal Reserve monetary policy?