Economy September 18, 2024 7:12 pm A closer look: Fed cuts interest rates by half point The Federal Reserve is cutting its interest rate by a half a point, the Committee said Wednesday. Raj Mathai speaks with Santa Clara University professor Alexander Field . US & World Videos 0:38 1 killed in San Leandro apartment fire 2:27 Man killed after shooting at DeFremery Park in West Oakland 10:42 Mayor Sheng Thao, police give update on deadly shooting in Oakland 0:26 Man hurt in Anitoch shooting 0:23 Preliminary 4.2 magnitude earthquake strikes Santa Cruz County