The US Federal Reserve may cut interest rates soon, according to Fed Governor Lisa Collins. This comes as Lawrence Summers, former Treasury Secretary under President Barack Obama, has called for an investigation into the VIX (CBOE Volatility Index), a widely followed market indicator. The move is seen as a response to recent market volatility and global economic uncertainty.

Source: https://www.bloomberg.com/news/audio/2024-08-09/summers-calls-for-vix-probe-collins-fed-may-cut-soon-more