US stocks end higher as Fed maps out plan for battling inflation

The US central bank announced it will phase out its stimulus measures more quickly, ending them in March, which would then allow it to raise lending rates as soon as May. For the session, the Dow Jones Industrial Average rose 1.08% to end at 35,927.43 points, while the S&P 500 gained 1.63% to 4,709.85.

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