The Market On Wednesday

  Good morning. It is a 23 degrees and mostly sunny here in the Upper Hudson Valley. The extremely harsh Winter of 2015 continues to raise its frigid head. The ten day forecast as of this morning doesn't show that nice warm break in the weather that we all want either, that Spring is here 55 degree day. It shows temperatures floating between the 20s and 40s. The first day of spring is this Friday and it's going to still feel like Winter. We lost a lot of snow yesterday, the huge piles of snow at the end of parking lots are going stay around for a while.

  At 8:30 a.m. ET futures are moderately lower and the price of oil per barrel is down closing in on $40 a barrel. The market is poised to open lower.

  The Fed wraps up its two day meeting today. At 2 pm. Janet Yellen may give some indications to the investment world about expected changes in the base interest rate. If the market closes in a distinctly harsh manner, investors will not have liked Yellin comments.

CNN: Stocks: 5 things to know before the open

Investors are particularly interested in what chairwoman Janet Yellen will have to say at 2 p.m. ET about the timing of an interest rate rise.