This year, sky-high inflation and the Federal Reserve’s attempts to tame it have caused significant market volatility. The central bank is expected to raise interest rates again this month by 0.5 percentage points.
Well-established and financially sound companies, called “blue chips,” weather a market downturn better than smaller companies, making them solid picks in the face of market volatility. As the economy is expected to witness a recession next year, investing in shares of blue-chip company Johnson & Johnson (JNJ) could be safe.
