3 Large-Cap Value Funds to Grab on a Likely Fed Interest Rate Hike

August's CPI report showed inflation remained elevated at 3.4% annually, with core CPI rising 0.3% month-over-month. Rising oil prices driven by Middle East tensions contributed significantly to inflationary pressures. Markets are pricing in a 90% probability of a quarter-point rate hike at the upcoming Federal Reserve meeting, which could further strain household spending and financial markets.