The Commerce Department reports US GDP rose 1.5% annualized in the second quarter, down from 2.1% in the prior quarter and below forecasts.Rising imports, weaker exports, lower government spending and softer investment subtract from growth even as consumer spending increases and employers add 92,000 jobs monthly on average this year.Inflation, measured by the personal consumption expenditures price index, is 3.7% year-over-year in June with core inflation at 3.3%, keeping price pressures above the Federal Reserve's 2% goal.The Federal Reserve holds interest rates steady for a fifth meeting while three regional Federal Reserve presidents dissent and higher energy prices and the war with Iran complicate policy choices.