US Stocks Slip as VIX Climbs Amid Fed Nomination News
Markets closed lower while volatility rose following reports that Kevin Warsh is being considered as U.S. President Donald Trump’s pick for Federal Reserve Chair.
Summary
No Summary provided as the original text is short
Terms & Concepts
VIX: The Volatility Index, measuring market expectations of near-term volatility based on S&P 500 options.
Federal Reserve Chair: The head of the U.S. central bank, responsible for setting monetary policy and guiding the nation’s economic strategy.