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Economic Report: New York factory activity moderates in October, Empire State survey shows

The numbers: The New York Fed’s Empire State business conditions index fell 14.5 points to 19.8 in October, the regional Fed bank said Friday.

Economists had expected a reading of 25, according to a survey by The Wall Street Journal. 

Any reading above zero indicates improving conditions. The reading of 34.3 in September was the second highest…

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