VIX Surges Higher as Equities Jump Ahead of Inflation, Rate Decision Distortion

Anxiety is rippling through the markets in advance of the heavy event risk ahead. While the FOMC rate decision may be the peak event – particularly for the US – the last release of US CPI proved a serious event itself. The anticipation is so extreme that both the VIX and S&P 500 rallied in tandem the most in over 25 years.

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