3 Large-Cap Value Funds to Buy as Consumer Confidence Hits New Low
U.S. consumer confidence fell to 89.4 in August, the lowest level since January, driven by concerns about persistent inflation above the Federal Reserve's 2% target and uncertainty in the labor market. With oil prices rising due to Middle East tensions and financial markets remaining volatile, investors are advised to consider large-cap value funds as a defensive strategy while awaiting clarity on the Fed's interest rate policy.