Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared with the 25 basis point reduction for the benchmark funds rate.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
Stocks traded lower on Wednesday as traders digested the Federal Reserve's latest decision on U.S. monetary policy.US Marketsread more
The Federal Reserve dialed up its growth expectations slightly while keeping its inflation projection unchanged.Marketsread more
Federal Reserve Chairman Jerome Powell pledged that the central bank would engage in a "sequence" of interest rate cuts if conditions warrant, but he doesn't see that as...The Fedread more
This is a comparison of Wednesday's FOMC statement with the one issued on July 31 after the Fed's previous policymaking meeting.The Fedread more
Ahead of the Fed's 2 p.m. announcement, many economists were forecasting one further cut in 2019, but some investors were hoping for two more this year.The Fedread more
The Fed has become increasingly divided, with three officials voting against the Fed's quarter-point cut to the fed funds target rate range.Market Insiderread more
Herbalife's major shareholder Bill Stiritz has not sold any of his position in the company, but is using the stock's pullback to buy more shares, according to sources.
Stiritz's new Herbalife positions are not not enough to mandate an SEC filing, the source told CNBC. Stiritz now has a 8.2 percent stake in Herbalife. Herbalife shares edged higher following the news.
Sources also told CNBC that Stiritz's confidence in Herbalife's business model is said to be greater than ever.
Stiritz is a chairman of cereal maker Post.
The Los Angeles-based nutrition company has been facing several regulatory investigations and shares have been plunging for much of 2014 into this year.
—Reporting by CNBC's Scott Wapner, written by CNBC's Reem Nasr.