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Wall Street gains on Fed’s view; S&P 500 ends at a record

By Angela Moon NEW YORK (Reuters) – U.S. stocks rose on Wednesday, with the S&P 500 ending at a record after the Federal Reserve hinted at a slightly faster pace of interest-rate increases starting next year but suggested rates in the long run would be lower than it had indicated previously. The benchmark S&P 500 set intraday and closing record highs while the CBOE Volatility Index .VIX or the VIX, Wall Street’s fear gauge, fell to its lowest since February 2007. “It’s onwards and upwards for equities, especially after the Fed’s announcements today,” said Mike…