WASHINGTON — Rebounding from the effects of Hurricane Sandy, all 12 Federal Reserve Districts reported "modest or moderate" economic growth since the last Beige Book report in November, the Fed reported Wednesday.

"Since the previous Beige Book, consumer spending increased to some degree in all twelve districts," the latest report states. "Across the nation, holiday sales grew modestly compared with last year but came in below expectations in the New York, Cleveland, Atlanta, Chicago, and San Francisco Districts."

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