Five Things You Need to Know to Start Your Day: Americas

Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta, speaks during a Bloomberg Television interview in 2023.

Photographer: Elijah Nouvelage/Bloomberg

Good morning. Stocks wilt on bets the Fed might have to keep rates on hold for longer, while a policy maker questions if the central bank’s main tool has become less effective. Here’s what’s moving markets. — David Goodman

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