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Major central banks may be deep into their drive to raise interest rates in hopes of killing inflation, but the endgame remains far from clear as price increases prove harder to slow than expected, and analysts caution that financial markets could still break along the way. The US Federal Reserve, the European Central Bank and the Bank of England are all still raising rates, and policymakers are open about the massive uncertainty surrounding their projections and the risk they may have to do more than expected. But all are also felt to be closing in on a peak interest rate…

A big splurge in spending in China after Beijing lifted COVID-19 lockdowns will help cushion quarterly results of the world’s biggest companies, investors say, even as forecasts suggest the United States and Europe are heading into a corporate recession. Concerns are growing that tightening credit will dent the global economy. But recent data and upbeat comments from major companies like LVMH, Europe’s most valuable listed company, about business in China have given investors some cause for optimism. That could help extend a two-month long winning streak in global stocks after March’s turmoil in the banking sector led investors to slice…