3 Defensive Stocks to Buy as Consumer Confidence Ebbs on Fewer Rate Cuts

Americans are not as confident of the economy as they were a few months back. Markets have been volatile from the beginning of this year as inflation has been showing signs of climbing again, prompting the Federal Reserve to adopt a cautious approach and pause its rate cut campaign.Donald Trump’s victory in the U.S. Presidential election was seen as a major positive for both the economy and markets, sending stocks on a rally in the final months of 2024. However, the enthusiasm has faded this year as continu ...