The US Federal Reserve (Fed) is widely expected to maintain interest rates at historic lows and continue to reduce its asset purchases after the end of its two day meeting on Wednesday.
Having begun the so-called tapering back in December, the consensus expects the Fed to continue reducing its purchases by another $10bn to $65bn per month.
Even though the Fed continues to focus on joblessness and the last Employment Report showed that only 74,000 jobs were created in December, PNC Financial Services suggested that everything else supports the view that the US economy continues to do well and the job market is improving.
"The 74,000 jobs in December doesn't represent what's truly going on in the economy", PNC's senior economist Gus Faucher told CNBC.
"So given that, I think the Fed will be reducing purchases", he said.
Recent weakness in emerging markets and US stocks are "unlikely" to affect the Fed's decision, added experts from Société Générale.
Along similar lines, JP Morgan appeared to share the opinion based on the fact that foreign growth would need to suffer a severe decline to have a noticeable effect on the US economy.
"Thus far it is not even certain that a few days of international financial stress is enough to change global economic prospects, much less affect the US economy", these analysts said.
This will be the last meeting with Chairman Ben Bernanke at the helm as his second term comes to an end and Janet Yellen is due to take over on February 1st.
Yellen is largely expected to stay the course as she is known for being supportive of Bernanke's policies.
Also of note, President Barack Obama nominated Stanley Fischer to become the Fed Vice Chair reportedly at Yellen's own request.
That may suggest Yellen will have more support as she confronts two noted hawks entering the group of members with voting rights this year: Dallas Fed president Richard Fisher and Philadelphia Fed chief Charles Plosser.
Of the other two members rotating into policy voting rights this year, Cleveland Fed president Sandra Pianalto is known to be a centrist, while Minneapolis Fed president Narayana Kocherlakota has actively advocated monetary stimulus.
It should be noted that Kansas City Fed chief Esther George, who took a hawkish stance and dissented at all of 2013's meetings except the last one, has rotated out of voting rights, along with 2013's other dissenter - Boston Fed president Eric Rosengren.
He voted against the policy statement at the last meeting because he felt tapering should not be started.
Thus, Wednesday's policy decision should give Yellen her first glimpse at the team she will have to try to reign in this year as she takes over the helm at the central bank of the world's largest economy.