Fed likely to remain in restrictive territory well into 2024

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Atlanta Federal Reserve Bank President Raphael Bostic said on Friday to Bloomberg, that the central bank is likely to keep monetary policy in a restrictive territory well into 2024. He added that the Fed is on a trajectory to get to the 2% inflation target. 

Asked about the recent jobs report, Bostic mentioned they were as expected and he was comfortable with the readings. 

Market reaction: 

The US Dollar is falling on Friday following the July NFP. Comments from Fed officials have no significant impact. The DXY is falling 0.60%, trading below 102.00.