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Dreyfus Mutual Fund Account

DREYFUS MUTUAL FUND ACCOUNT

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Insights

At Dreyfus, we believe in helping meet investor challenges.

MONEY MARKET

December 2018

Tax Exempt Money Market Commentary

On September 26, 2018 Federal Reserve officials increased the federal funds rate by 0.25% from 2.00% to 2.25%, as economic activity has been rising at a strong rate and unemployment has stayed low.

MONEY MARKET

November 2018

Taxable Money Market Commentary

Third quarter GDP growth came in at 3.5%. While this was down from the 4.2% registered in the second quarter, there was no indication that the long-running expansion was running out of steam.

MARKETS & ECONOMY

September 2018

No Room for Mistakes: China’s Balancing Act in the Trade War

China’s economy is in a tough spot, facing multiple headwinds including escalating trade frictions, tightening global financial conditions led by the U.S. rate hikes, and deleveraging efforts curbing domestic demand.

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Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing. There is no guarantee that any investment strategy or approach will be successful or achieve any particular level of results. All investment products involve risk of principal loss.

The products and services described on this Web site are available only to U.S. residents and the information on this Web site is only for such persons. The information on this Web site is not an offer to sell or a solicitation of an offer to buy, any security, nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale may not lawfully be made. Please consult a legal, tax or investment advisor in order to determine whether an investment product or service is appropriate for a particular situation. Share price, yield and investment returns of mutual funds fluctuate such that an investor's shares may be worth more or less than original cost upon redemption. Diversification and asset allocation cannot ensure a profit or protect against loss.

Financial intermediary and institutional investor activities are serviced by Dreyfus Investments, a division of MBSC Securities Corporation, distributor of the Dreyfus Family of Funds. BNY Mellon Investment Management encompasses BNY Mellon’s affiliated investment management firms, wealth management services and global distribution companies, including Dreyfus.

DRD-37741-2018-10-03