TIFF CIO Jay Willoughby shared insights into market conditions and potential challenges. He discussed the current economic landscape, indicating that while the markets have performed well over the past five years, ongoing geopolitical concerns—such as the upcoming U.S. presidential election and international tensions—could create volatility. He expressed cautious optimism regarding inflation and interest rates, suggesting that if the Federal Reserve continues to cut rates, it could benefit financial assets. Ultimately, Willoughby conveyed a sense of resilience within the economy and the potential for favorable market conditions, contingent on political developments and inflation trends.

The full update was provided during TIFF’s Quarterly Investment Update (Q3 ‘24) on October 30, 2024.