Economy

Traditional models fail to explain the resilience of $100 trillion market as central banks suppress short-term interest rates.

Move by BofA credit trader reflects increasing anxieties about interest rates and falling concern about corporate debt defaults.

Traders expect Fed overnight rate to max out at about 3.3 percent during this expansion, lower than Fed's own estimate of 4 percent.

Share prices of companies with the weakest balance sheets have increased 94 percent in just over two years; junk bond issuers rising faster than the overall market.

Minutes from end-of-April meeting reveal FOMC doesn't see tradeoff between employment and inflation in ongoing stimulus.

In the biggest step since adoption of the euro, almost all EU governments signed on to pool money in a central fund that can be tapped in financial crisis.