Live blog: Follow along as the Federal Reserve announces its key interest rate decision

59 Min AgoStocks close higher on Wednesday as Powell hints Fed could slow pace of rate hikesThe 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% to close at 4,023.61. The tech-heavy…