Next week's Federal Reserve meeting is likely to mean a resumption of rate hikes after June's wait-and-see approach. The main question for markets is what happens after that? Marvin Loh joins Tim to discuss where terminal rates may go and when a policy pivot might come. They also talk about how the shape of the Fed's balance sheet might change in the coming year and whether worries over USD funding are legitimate. See omnystudio.com/listener for privacy information.