Fed’s latest Beige Book finds post-hurricane rebound

Hurricane Sandy (Image - NASA)

Activity has rebounded in New York and Philadelphia, the two Federal Reserve districts hardest hit by Hurricane Sandy in 2012, according to the Fed's latest Beige Book, published on January 16.

The survey, which asks economists, businesses and market experts to give their assessment of economic conditions in the 12 districts, found that activity had recovered in all but the hardest-it coastal areas. Richmond even gained a boost from the storm, as ships were diverted to its ports. All districts

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