Club meeting recap: Fed in Focus, Estee Lauder, earnings roundup

News Snapshot:

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments. Fed decision day Sit tight on Estee Lauder Earnings roundup: AMD, SBUX, F 1. Fed decision day Equities were mixed Wednesday morning ahead of the Federal Reserve's announcement on interest rates this afternoon. Wall Street widely expects the central bank to raise the benchmark borrowing rate by another 25 basis points . But investors will be closely watching any signals from Fed Chair Jerome Powell on a potential pause in rate hikes going forward. Meanwhile,...