Why Investors Play It Safe Ahead of Fed Meeting

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 12 September 2024

⏱️ 12 minutes

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Summary

P.M. Edition for Sept. 12. With the Federal Reserve decision on rate cuts coming down next week, investors are switching from hot tech stocks to safer sectors. Wall Street Journal markets reporter Hardika Singh explains why. And wood pellets are big business, but that didn’t save one green energy superstar. The Journal’s Ryan Dezember talks about the rise and fall of Enviva. Plus, Ann-Marie Alcántara reports on why more Gen Z and Millennial workers are finding joy at their office jobs. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Three two one.
0:02.0	one.
0:04.0	What will the world look like 10 or 20 years from now?
0:07.0	The Wall Street Journal's future of everything podcast is here to give you a peek.
0:11.0	And we can't wait to show you what's coming.
0:13.2	Subscribe now.
0:14.4	Why investors go defensive ahead of the Fed's interest rate decision next week, and how wood pellets became big business.
0:27.0	Manufacturers in the United States of wood pellets suddenly realized they could sell this stuff around the world by the boatload rather than in bags at your local hardware store.
0:35.0	Plus, a senior Israeli military official is stepping down over the October 7th attacks.
0:41.0	It's Thursday, September 12th.
0:43.0	I'm Tracy Hunt for the Wall Street Journal.
0:45.0	This is the PM edition of What's News,
0:48.0	the top headlines in business stories that move the world today.
0:53.0	investors are turning away from formally hot technology stocks
0:59.0	and going for safer plays ahead of the Federal Reserve's decision on interest rate cuts next week.
1:04.7	Hardica Singh is a reporter on the markets team at the Wall Street Journal and she joins us now.
1:09.7	Hardica, why are investors getting defensive?
1:12.6	You know, like what's worrying them?
1:14.7	What's not worrying them?
1:16.4	It feels like for the greater part of this month,
1:19.9	they've just been on edge about anything and everything. More recently, questions have
1:26.0	emerged about the health of the US economy, the magnitude of the upcoming
	...

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