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 1:55 LAUSD teacher arrested for sexual assault 3:52 132 structures destroyed as Mountain Fire grows 2:33 Over 20,000 acres burned in Ventura County 2:36 Families return to destroyed neighborhood in Camarillo 2:12 Gov. Newsom vows to protect CA policies during Trump's second term