By The Associated Press, Special to The Daily Memphian
Updated: March 15, 2020 5:50 PM CT | Published: March 15, 2020 5:50 PM CT
The Federal Reserve took emergency action Sunday, cutting its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds in the coming months.
The Centers for Disease Control and Prevention released new guidelines Sunday advising against in-person gatherings of 50 or more people for eight weeks.
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