Fed raises interest rates another half point, slowing pace of hikes

The Federal Reserve on Wednesday raised its target interest rate by half a percentage point, slowing from its breakneck pace of hikes from earlier in the year while signaling rates will likely climb higher from here.Driving the news: The Fed's policy committee, following a two-day meeting, raised their federal funds rate target range to between 4.25% and 4.5%. In a statement…