Fed No Catalyst for Muted VIX in Calmest Market Since ’14: Chart

A Federal Reserve divided on the timing of its next interest-rate increase and data showing an economy growing in fits and starts have done little to shake U.S. equities from a weeks-long torpor that’s left the S&P 500 Index waffling near all-time highs. By one measure, it’s the longest stretch of calm since July 2014, as the Chicago Board Options Exchange Volatility Index, the gauge of stock market volatility known as the VIX, has held below 15 for 32 consecutive days, according to data compiled by Bloomberg.

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