Trading on Wall Street was quietly mixed early Friday as markets near the end of another record-setting week ahead of the Federal Reserve's interest rate decision on Wednesday.

Futures for the S&P 500 were flat, while futures for the Dow Jones Industrial Average shed 0.2% and Nasdaq futures ticked up 0.1%.

Following a mixed set of U.S. data on Thursday, markets are banking that the Federal Reserve will cut interest rates next week, which should give the economy a boost.

The Fed has been hesitant to cut interest rates throughout 2025 because of the threat that President Donald Trump’s tariffs could make inflation worse. Lower interest rates could exacerbate inflation. The Fed’s inaction has infuriated Trump, who has threatened to fire Fed Chair Jerome Powell and has escalated his att

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