Dow marks eight consecutive quarters in positive territory
MONTHLY MARKET COMMENTARY |
The Dow Jones continued its winning streak this quarter marking eight consecutive quarters in positive territory, the longest streak in two decades.
The Federal Open Market Committee met in September and decided to maintain the target range for the federal funds rate at 1.00 percent to 1.25 percent. Conversation focused on the unwinding of the Federal Reserve’s balance sheet and the potential impact of those actions on the market, which will officially begin in October.