Under normal circumstances, a pair of dissents in favor of a rate cut would be taken as a sign the Fed is taking a dovish turn, Tom Essaye, editor of Sevens Report Research, wrote in a Tuesday note. It would be signal that policymakers are moving in favor of easing, making a reduction at the next meeting a more likely event.

U.S. stocks closed lower on Tuesday as the S&P 500 and Nasdaq retreated from record highs after some disappointing corporate earnings, while investors awaited a Federal Reserve policy statement.

Jerome Powell has been Trump’s No. 1 target as the president demands lower interest rates, but other policymakers are also part of each rate-setting decision

On today's episode of CNBC Crypto World, bitcoin and ether fall ahead of the Federal Reserve's decision on rates. Plus, Kraken's Thomas Perfumo breaks down the crypto exchange's new OTC report and what we can expect for major cryptocurrencies in the months to come.

A U.S. senator's recent push to strip the Federal Reserve of a key aspect of how it controls interest rates and the battle over who will succeed Fed Chair Jerome Powell point to a future where some of the tools policymakers use to influence the economy come under greater scrutiny.

Wall Street chugged mostly higher in premarket trading as Chinese and U.S. officials begin a second day of trade talks.