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 3:09 Burbank police seeking information on nurse impersonator 0:20 1 dead, 2 critically injured in Boyle Heights crash 2:47 Two arrested in Chatsworth after armed robbery and pursuit 0:51 4 injured after carjacking suspect slams into building in Beverly Hills 3:06 Two arrested in connection to storage unit burglaries