U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years.

"From a sentiment perspective, we're one bad macro data point away from a pullback," BMO's Brian Belski told Business Insider.

Wall Street is finally confident it knows what the Federal Reserve will do at its policy meeting next week, and a bigger-than-expected interest rate cut may not be a welcome surprise.