Uncertainty over central banks' next moves continued to worry investors on Wednesday, with the main focus being on the Fed and its meeting next week. However, chances of the central bank raising interest rates appear slim.
"Once again we're left to absorb all the information we've had over the last couple of weeks, the result of which appears to be that the Fed will hold off on raising interest rates next week," Craig Erlam, senior market analyst at OANDA, said in a note Wednesday.
"While a number of policymakers would clearly be comfortable with raising rates at this point, I think there are enough that want to see more evidence of higher inflation to prevent a hike next week. Investors are clearly in agreement on this with markets pricing in only a 15 percent chance of a hike," he added.