American stocks are experiencing significant declines during midday trading in New York, reflecting a negative trend seen in September historically. All major indices and sectors within the S&P 500 index are seeing decreases. The CBOE Volatility Index (VIX), also known as the “fear index,” has surged 9%, reaching its highest point since August 18. Investors are concerned that the Federal Reserve’s commitment to maintaining high-interest rates to combat inflation may slow down the economy and reduce corporate profits. The approaching October 1st deadline for a possible government shutdown is also contributing to unease. Treasury yields remain at levels not seen in over a decade. Minneapolis Fed President Neel Kashkari has indicated a 40% possibility of the Fed implementing significant rate hikes to counter inflationary pressures. In Tuesday’s trading, the S&P 500, Dow, Nasdaq 100, and Russell 2000 all experienced declines.