Stock and bond markets are watching the Fed for these ‘critical concepts,’ says BlackRock’s Rick Rieder

Investors will be tuning in to a couple “critical concepts” that may surface Wednesday after the Federal Reserve’s policy meeting, including the extent to which the Fed sees markets doing some of its work tightening financial conditions, according to BlackRock’s Rick Rieder. 

“It seems like the Fed has adopted this idea that the markets have done some of the tightening for them,” said Rieder, BlackRock’s chief investment officer of global fixed income and head of the firm’s global allocation investment team, in a phone interview….