U.S. Economy Glides Back to Steady, Modest Growth Path

The U.S. entered the ninth year of economic expansion in steady but unspectacular fashion that shows little sign of abating.

Gross domestic product, a broad measure of goods and services produced in the U.S., expanded at a 2.6% annual rate in the second quarter, the Commerce Department said Friday, a rebound after a tepid start to the year.