Stocks close higher on Wednesday as Powell hints Fed could slow pace of rate hikes The major averages surged as Federal Reserve Chair Jerome Powell spoke at his press conference on Wednesday and suggested the central bank could slow the pace of its hikes. The S&P 500 added 2.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to […]