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 1:19 Claudia Sheinbaum takes office as Mexico's first woman president 2:34 NBC4, Telemundo 52 host voter forum with NALEO 2:39 President Biden says US backs Israel following Iran's retaliation 3:02 Walz, Vance clash during vice presidential debate 3:03 Metro hijacking suspect appears in court