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 3:16 First Alert Forecast: Cold and windy 0:58 Caltrans to inspect 170 Freeway after encampment fire 2:15 City update on land movement in Rancho Palos Verdes ahead of rainy season 1:44 LA city council to consider sanctuary city ordinance 2:54 LAPD searching for attempted murder suspect