Stock market today: Dow, S&P 500, Nasdaq muted with Fed rate cut seen as done deal

Economic Overview - US stocks paused as Wall Street assessed the economy ahead of the Federal Reserve's interest rate decision [1] - The Dow Jones Industrial Average decreased over 0.1%, while the S&P 500 fell below the flat line, and the Nasdaq Composite increased by 0.1% [1] Labor Market Insights - Recent jobs data indicated labor market weakness, with just over 20,000 jobs added last month and weekly initial jobless claims reaching a near four-year high [2] Inflation and Consumer Sentiment - Inflation remains persistent, with consumer prices rising, influenced by President Trump's tariffs [3] - Despite inflation concerns, investors anticipate the Fed will cut rates, with a more than 90% chance of a quarter-point cut in the upcoming meeting [4] - Consumer sentiment is expected to show steady spending, but Americans are becoming increasingly dissatisfied with their purchasing power and the job market [4] Stock Market Performance - All three major stock indexes are on track for weekly gains exceeding 1.4%, with the Dow aiming for its first win in three weeks after surpassing 46,000 for the first time [5]