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The Boston Globe

Business

Sandy, consumer caution put a dent in retail results

WASHINGTON — Superstorm Sandy combined with cautious consumers to lower retail sales in October and raise concerns about weaker economic growth and a tepid holiday shopping season.

Consumers may also be holding back because of anxiety over big tax increases and spending cuts that will take effect in January unless Congress and the White House reach a budget deal by then — the so-called fiscal cliff.

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