The Markets Care More About Fed Rate Hikes Than the Balance Sheet

What to expect from the Fed on Wednesday.
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Investors are more focused on the pace of Federal Reserve rate increases rather than commentary about the unwinding of its massive $4.5 trillion balance sheet.

That's the assessment from Brian Rehling, co-head of global fixed income strategy at Wells Fargo Investment Institute. 

The Federal Reserve is widely expected to announce a rate hike on Wednesday. 

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