The US Fed decision; here’s what to expect

Also consider that fact that since the FOMC's January meeting, most other fed members, have also said that it would be appropriate to hike rates in the March meeting so a 25 basis points hike seems very likely.

The Powell press conference will be closely watched by investors. Apart from Powell's assessment of pressures from the recent spike in energy and commodity prices, this is perhaps the place where we will get to hear the Fed’s thinking on the reducing the size of the Fed balance sheet, such as the size of the monthly runoff caps and the conditions that will warrant the eventual start of the process.