The Fed's minutes were released today.  They showed a bias to raising rates in June if the recent economic weakness proved to be transitory.

The question of the Fed's changing their benchmark interest rate is probably a little less significant than the question of what they will be doing with their enormous balance sheet. Currently they are rolling the instruments over, but will likely be looking to start capping those renewals of the current holdings. Removing items from the balance sheet has a less predictable impact on financial assets as compared to interest rates which is easier to hedge.

After the bell the CBO released their new study for the House proposal for 'reformed' healthcare.  And the Bloomberg spokesmodels trumpeted it as good news.  In this latest version the budget deficit would be reduced by $198 billion over ten years. Of course one has to accept a lot of assumptions to make that valid.