VIX Spike: Wall Street’s Fear Gauge Hits Second-Biggest Surge Ever on Wednesday
On December 18, 2024, the Federal Reserve’s unexpected announcement to limit interest rate cuts sent shockwaves through Wall Street, causing the CBOE Volatility Index, or VIX, to spike by 74%—marking one of the largest percentage increases in its history. This surge reflected heightened investor fear, with the VIX closing at 27.62, up from around 15. ...
