The Federal Reserve may be on track to raise short-term interest rates later this year, as a favorable jobs report may be signaling the start of anticipated economic growth and inflationary expansion. However, other economic indicators have not been as positive, further enforcing the Federal Reserve's "wait and see" approach. Possibly in response to a seemingly impending rate hike, 10-year Treasuries jumped 28 basis points to 2.41%, while large-cap stock indexes continued to pull back, with the Dow (-0.90%) and S&P 500 (-0.69%) both sinking a little further compared to last week.
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