US economy picks up since November: Fed | Bangkok Post: news

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US economy picks up since November: Fed

The US economy has picked up pace since November, with Christmas sales modestly stronger and New York and New Jersey rebounding from Hurricane Sandy, the Federal Reserve's Beige Book showed Wednesday.

People wait to cross the street after shopping at Macy's department store on December 26, 2012 in New York City. The US economy has picked up pace since November, with Christmas sales modestly stronger and New York and New Jersey rebounding from Hurricane Sandy, the Federal Reserve's Beige Book showed Wednesday.

But the survey of regional economic activity, important to setting monetary policy, showed manufacturing still sluggish, hiring and inflation still subdued and the stifling effect of the fiscal cliff fight still lingering.

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  • El Ala Orzo

    United StatesPost : 16

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    Discussion 1 : 17 Jan 2013 at 11.361

    Any US Democrat who thinks this president can avoid responsibility for the economy in the second term completely misunderstands American history. He got away with blaming George W. Bush for the first term. This is now going to be Obama's economy. And if it goes sour, it's going to be Obama's failure when it goes sour.

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