U.S. stocks closed another record-setting week with a muted performance Friday, as hope built on Wall Street that the U.S. economy can manage the rare feat of suppressing high inflation without causing a recession.

U.S. stocks closed another record-setting week with a muted performance Sept. 27, as hope built on Wall Street that the U.S. economy can manage the rare feat

Data that show dropping inflation and sustained economic growth kept investors in a positive state of mind after last week’s interest rate cut.