The daily business briefing: September 26, 2018

Markets cautious ahead of rate-hike decision, Dunkin' Donuts shortens its name, and more

A Dunkin' coffee and donuts
(Image credit: Tim Boyle/Getty Images)

1. Markets cautious ahead of Fed decision

Economists, fund managers, and strategists surveyed by CNBC expect the Federal Reserve to raise interest rates two more times this year, starting on Wednesday at the close of a two-day meeting of Fed policy makers. Ninety-eight percent of the 46 respondents in the latest CNBC Fed Survey predicted a quarter-point hike on Wednesday, with 96 percent forecasting another quarter-point increase in December as the Fed tries to prevent a strengthening economy from overhearing. "Fed funds increases in September and December are as certain as certain can be," John Donaldson, director of fixed income at Haverford Trust, wrote in his response to the survey. Markets were cautious early Wednesday ahead of the Fed's decision.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.