Stocks swing higher as Fed sees progress against inflation


              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)
            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) 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) 
              Traders work on the floor at the New York Stock Exchange in New York, Wednesday, Feb. 1, 2023. (AP Photo/Seth Wenig)
            
              Traders work on the floor at the New York Stock Exchange in New York, Wednesday, Feb. 1, 2023. (AP Photo/Seth Wenig)