Swissquote

But a Fed rate hike next week may now be a distant possibility, at least according to Ipek Ozkardeskaya, a senior analyst at the financial and trading services firm Swissquote Bank.

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Ipek Ozkardeskaya, senior analyst at Swissquote Bank, noted the Bank of Japan had used language that “was quite bullish on prices," meaning that more hikes were likely.

The only thing we can say is this high volatility is bad,” said Ipek Ozkardeskaya, a senior analyst at Swissquote Bank.