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Stocks Rise on Softer Inflation Data, but AI Jitters Trigger Worst Week Since November

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Even a cooler-than-exected inflation reading couldn’t keep stocks from posting their worst week since November. 

Stocks initially rose after the Bureau of Labor Statistics reported that consumer-price growth slowed to an annual pace of 2.4% in January. Easing price pressures, coupled with this week’s robust labor data, reassured some investors that there is a path for the Federal Reserve to cut interest rates without an economic downturn. 

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