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US economy picks up since November: Fed

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 HurricaneThe 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.