• In this Thursday, May 19, 2016, photo, passers-by walk near the construction site a high-rise building in Boston. On Friday, July 29, 2016, the Commerce Department issues the first estimate of how the U.S. economy performed in the April-June quarter. (AP Photo/Steven Senne)

    US GDP grows a weak 1.2 percent in second quarter

    WASHINGTON (AP) — A surprisingly lackluster economy last quarter served as a reminder of how choppy the pace of growth has been since the Great Recession ended seven years ago. Businesses pared their stockpiling and investment through the spring. But consumers — the heart of the U.S. economy — kept spending.

    Updated: 2:17 pm

  • In this Wednesday, June 22, 2016, file photo, Federal Reserve Chair Janet Yellen testifies on Capitol Hill in Washington, before the House Financial Services Committee hearing on U.S. monetary policy. The Federal Reserve releases its latest monetary policy statement Wednesday, July 27, after wrapping up a two-day meeting. (AP Photo/Manuel Balce Ceneta, File)

    As Fed ends meeting, few expect much clarity on next hike

    WASHINGTON (AP) — With consumers spending and employers hiring more freely, the U.S. economy has fared better of late. But when the Federal Reserve ends its latest policy meeting Wednesday, most analysts think it will signal that it wants to see further gains before raising interest rates again.