Fed Rate-Cut Pause May Last With Economy On 'Firm Footing'; S&P 500 Wavers (Live Coverage)

The Federal Reserve left interest rates unchanged, as expected, but made a slightly hawkish adjustment to its policy statement. Federal Reserve Chairman Jerome Powell, during his 2:30 p.m. ET news conference, didn't seem concerned about inflation but also signaled a longer rate pause, saying policymakers are "well-positioned here." The S&P 500 remained fractionally lower as Powell spoke after eking out a record closing high on Tuesday.