US Economy Expanded 2.4% In 2014; Fourth-Quarter Growth Missed Estimates

U.S. gross domestic product, the broadest measure of goods and services produced across the economy, grew 2.6 percent in the fourth quarter of 2014, down from 5 percent in the previous quarter, according to the Commerce Department's preliminary estimate released Friday. For the year, GDP increased 2.4 percent, up from 2.2 percent in 2013.