The Cboe Volatility Index (VIX) has recently shown significant movements, reclaiming levels around 16 before settling back to approximately 15.66. As of August 27, the VIX was noted at 16, indicating a cautious market sentiment. By August 28, it had dropped to 15.66, suggesting a relatively calm trading environment. Analysts have commented on the VIX's current levels, comparing them to volatility seen during key economic reports, such as the Federal Reserve meetings and the Consumer Price Index (CPI) announcements, as well as referencing similar levels observed in early April when the job report was released.