News Wrap: Markets rise in hopes interest rate hikes slow

Wall Street saw gains across the Dow Jones, the Nasdaq and the S&P 500 amidst signs interest rate hikes might slow. Fed chairman Jerome Powell acknowledged that “moving too fast” could jeopardize economic growth, although he also cautioned against going to the opposite extreme. Also, President Trump refused to rule out pardoning former campaign chair Paul Manafort, calling it “not off the table.”