Federal Reserve interest rate changes on the eve of elections are tricky propositions.

The widely watched CME Group FedWatch Tool shows a 97.8% chance of a quarter-percentage point reduction to the Federal Funds Rate during the Federal Open Market Committee meeting Oct. 29, which would bring the federal funds target to about 3.75% to 4.00%.

Asian markets were mostly higher on Wednesday, with Japan, China, Hong Kong, India and Australia all gaining, as investors looked ahead to the Federal Reserve’s policy decision

The Federal Reserve is expected to cut interest rates for the first time in years today. The question is by how much and how many more times. The Federal Open Market Committee releases its statement and interest rate decision at 2 p.

Bitcoin faced this week's second major Washington catalyst on Sep. 16, with the Federal Reserve hiking the interest rates after the Senate failed to advance the CLARITY Act a day earlier. The Federal Open Market Committee voted 12-0 to raise the federal ...

The Federal Reserve's decision to increase its benchmark interest rate by a quarter-point was not a surprise. But Chairman Kevin Warsh's comments and hawkish tone sparked a sell-off on Wednesday. CNBC spoke with several investors who said the Fed decision is also a catalyst to reposition portfolios and look for opportunities in some underappreciated parts of the market.

Over the past 24 hours, nearly $1 billion in cryptocurrency futures positions were liquidated as bitcoin, ether, and XRP prices fell amid market uncertainty.

The central bank announced a 25 basis point rate hike after its September meeting, moving the Federal funds rate to between 3.75% and 4.00%, ending a stretch of five straight rate holds. It was a unanimous decision, with all 12 FOMC members voting for a rate hike.