The Market’s Priced in a Rate Rise. Now the Fed Has Lots of Other Issues to Decide.

Watch what they say, not what they do, at next week’s FOMC meeting. Reversing famous advice from Richard Nixon’s attorney general, John Mitchell, is what economists and market participants will do on Wednesday, when the committee is likely to make policy plans, but is unlikely to take any immediate action. Sure enough, the stock and … Read more

Student-Loan Processor Navient to Cancel $1.7 Billion of Debts

A former unit of student loan giant Sallie Mae said it would cancel $1.7 billion in private student debt for 66,000 borrowers to settle claims it engaged in deceptive lending practices. Navient corp. Navi 0.37% He agreed to the amount in a settlement with 40 state attorneys general. The loans are private loans, so losses … Read more