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US government bond prices edged lower on Wednesday after a data stream suggested the economy remains on solid footing. The yield on the 10-year US Treasury note stood at 2.145%, down from 2.134% on Tuesday. Yields rise as bond prices fall. Bond yields extended their gains after data showed U.S. economic growth recovered faster than …

For years, economists have been predicting higher wages for American workers. This does not happen. Over the past year, Americans have seen their hourly wages increase by just 2.5% as wages have slowed over the past four months. The inability of wages to take off, even with unemployment down to lowest level since 2001 and …