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Asian stocks rise after Fed sees inflation improving

The Federal Reserve interest rate announcement is displayed on the floor of the New York Stock Exchange in New York, Wednesday, Feb. 1, 2023. (AP Photo/Seth Wenig) A person watches 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. (AP Photo/Eugene Hoshiko) A person stands in front of an electronic stock board showing Japan's Tokyo Stock Price 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. (AP Photo/Eugene Hoshiko) 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. (AP Photo/Eugene Hoshiko) A person wearing a protective mask moves past 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. (AP Photo/Eugene Hoshiko) Traders on the floor at the New York Stock Exchange watch Federal Reserve Chair Jerome Powell's news conference after the Federal Reserve interest rate announcement in New York, Wednesday, Feb. 1, 2023. (AP Photo/Seth Wenig)