U.S. GDP grew by 2.6 percent in 2014's fourth quarter

U.S. gross domestic product expanded at a 2.6 percent annual rate in 2014's fourth quarter, according to the Commerce Department.

The news comes after the U.S. economy posted its strongest growth in more than a decade, a 5 percent GDP reading in the third quarter of 2014. It also comes two days after the Federal Reserve said the U.S. economy was expanding at a "solid pace."

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Meghan DeMaria

Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.