By  on November 28, 2012

WASHINGTON — Economic activity and retail sales growth in October and early November expanded at a “measured pace,” stemming from disruptions caused by Hurricane Sandy on the East Coast and uncertainty about the fiscal cliff, the Federal Reserve said Wednesday its Beige Book report.

Businesses in New York and Philadelphia reported “weaker conditions” due to Hurricane Sandy, which slammed the East Coast at the end of October and caused “widespread disruptions” into November, the Fed said.

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