Wall Street’s ‘fear index,’ the VIX, falls to record low under 9 after Fed statement

The CBOE Volatility Index (.VIX), widely considered the best gauge of fear in the market, fell Wednesday to its lowest on record.

At 2:01 p.m., the VIX dropped below 9, hitting a low of 8.84, below the low of 8.89 from Dec 27, 1993. The VIX then popped back up to around 9.32 as of 2:21 p.m.

The Fed released its statement on monetary policy at 2:00 p.m. ET.

Source: Reuters