Fed Cuts Interest Rates to Battle Virus: Coronavirus Updates From March 3

A tourist wears a surgical face mask as she walks past a red telephone box in central London on March 2, 2020. Tolga Akmen/AFP via Getty Images

The new coronavirus and the disease it causes, COVID-19, has spread to dozens of countries around the world.

Below are news updates from March 3. Click here for March 4 updates.

Fed Cuts Interest Rates to Battle Virus

The Federal Reserve, in a rare emergency step, cut short-term rates by half a percentage point on March 3 to protect the U.S. economy from the growing impact of the global coronavirus outbreak.