"VIX Drops 16 Points Ahead of FOMC Decision" The VIX, which reflects market volatility expectations, fell 16 points in a single day ahead of the FOMC decision—an unusual move. This sharp drop suggests investors may be expecting minimal surprises from the Fed, with risk appetite rising and a likely anticipation of steady policy. The market appears to be pricing in stability, reducing the demand for hedging against volatility. While such a drastic drop is rare, it indicates optimism that Fed policy will maintain economic stability