Global stocks rise after Fed sees inflation improving

People wearing protective masks stand near an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, Feb. 2, 2023, in Tokyo. Asian stock markets gained Thursday after the Federal Reserve said the U.S. economy is moving toward lower inflation but more interest rate hikes are planned. – Wall Street's benchmark S&P 500 index rose after the Fed increased its key lending rate by 0.25 percentage points, smaller than previous hikes.

The gap between market pricing and Fed plans"appears to have widened,” Lavanya wrote. “This leaves room for a rude shock down the road.” On Wednesday, the S&P 500 gained 1% after Powell's news conference for its highest close in two months.

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