The Federal Reserve is widely expected to announce a start date for the unwinding of its $4.5 trillion balance sheet on Wednesday. 

That's not only not likely to cause a market reaction, but it won't interrupt the strong corporate earnings story that's expected for the remainder of 2017. That's the assessment from Patrick Schaffer, global market specialist at J.P. Morgan Private Bank. 

More From TheStreet:

More from Video

Davos 2019: Salesforce Co-CEO Reveals What Keeps him Up at Night

Davos 2019: Salesforce Co-CEO Reveals What Keeps him Up at Night

Market Movers: January FOMC Meeting

Market Movers: January FOMC Meeting

3 Things to Know at Market Close: 2019 IPO's, IBM Earnings, and Oil

3 Things to Know at Market Close: 2019 IPO's, IBM Earnings, and Oil

TD Ameritrade CEO Breaks Down Earnings and 2019 Outlook

TD Ameritrade CEO Breaks Down Earnings and 2019 Outlook

In Case You Missed It: Qualcomm's Legal Issues Explained, IBM Is Surging

In Case You Missed It: Qualcomm's Legal Issues Explained, IBM Is Surging