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 3:02 Walz, Vance clash during vice presidential debate 3:03 Metro hijacking suspect appears in court 2:14 Israelis, Iranians in Los Angeles react to missile attack 2:29 Sean ‘Diddy' Combs possibly facing 120 sex assault lawsuits 2:48 Mexicans in Los Angeles react to first woman president in Mexico