Wage Gains: Meeting Employers and December Signal

wage gains: The hearing begins at 10 a.m, according to Market Watch. Eastern. It has been nearly a year since Yellen appeared before the panel, which includes lawmakers from the House and the Senate who tend to be less adversarial than those on the committees that oversee Fed operations. Here what to watch for. 1 December Signal All ears will be listening for Yellen to affirm recent statements from her colleagues that the Fed remains on track for a December rate increase. She could point to a handful of indicators the Fed has received since its Nov. 1-2 meeting employers continued to add jobs at a steady clip in October, annual wage gains accelerated at the fastest pace since June 2009 and consumer spending at retail stores advanced at a healthy pace this fall. 2 Election Fallout Several Fed officials raised concerns before their November meeting about the possibility for market volatility following the presidential election. Officials signaled after their last meeting that they were getting closer to lifting rates, and needed only a little more evidence that the economy was improving to convince them to move next month. (news.financializer.com). As reported in the news.