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Fed Survey Shows Economy Improving in Most Regions

Posted by Bonnie Martin Designated Broker on Monday, December 3rd, 2012 at 8:06am.

 A pickup in consumer spending and steady home sales helped lift economic growth in October and early November in most parts of the United States, according to a Federal Reserve survey released Wednesday. The one exception was the Northeast, which was slowed by Hurricane Sandy.

Growth improved in nine of the Fed’s 12 regional banking districts, the survey said. Growth was weaker in New York, Philadelphia and Boston — areas where the storm caused widespread disruptions.

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