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

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US economy picks up since November: Fed

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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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