Economy September 18, 2024 5:17 pm Interest rate cut: Why latest Federal Reserve move is unusual For the first time in four years, the Federal Reserve cut interest rates by .50% in hopes to increase employment. Conan Nolan reports for the NBC4 News at 3 p.m. on Sept. 18, 2024. US & World Videos 0:40 Dog dies in dog attack, owner dies of medical emergency after in Simi Valley 1:57 Senate passes bill to avoid government shutdown ahead of the holidays 2:15 One person in custody in burglary, shooting investigation in Beverly Crest 3:22 Homeboy Industries' recycling plant gives second chance to electronics and people 2:46 Military helicopter makes emergency landing, catches fire in Camp Pendleton