Hot February Job Openings Unlikely to Shift Fed Rate Outlook

February JOLTS data showed hotter-than-expected job openings, but economist believes it will have "no impact" on Fed's outlook as there is little change in overall labor market conditions.

Fed looks at totality of economic data, not just one report, so a couple months of sticky inflation figures won't sway them too much.

May take 3-4 consecutive good inflation reports for Fed to feel comfortable beginning a rate cut cycle.

Bank of Japan raised rates but washed it out by committing to keep policy accommodative, further weakening the yen against USD.

U.S. economy remains resilient, so fewer Fed rate hikes could boost USD more vs yen if Bank of Japan intervene to stop yen's slide.