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Business

Melanie Schaffer

Stock Market Volatility Holds Steady Ahead Of Key Fed Rate Decision

US Federal Reserve Stock Market

The CBOE Volatility Index, tracked by the ProShares Ultra VIX Short Term Futures ETF and other tickers, was falling about 1.6% Friday after bouncing up off the $13 mark on Wednesday and Thursday to print a quintuple bottom pattern. SCOTT OLSON/GETTY IMAGES

The CBOE Volatility Index (CBOE: VIX), tracked by the ProShares Ultra VIX Short Term Futures ETF (ARCA: UVXY) and other tickers, was falling about 1.6% Friday after bouncing up off the $13 mark on Wednesday and Thursday to print a quintuple bottom pattern.

Traders and investors are looking ahead to July 25 and 26, when the Federal Reserve is scheduled to meet and decide whether to apply another rate hike after pausing its campaign in June.

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