Nasdaq continues leading market rally ahead as Fed leaves rates unchanged

2:08pm: Fed holds rates The Federal Reserve kept interest rates unchanged for the second consecutive meeting and maintained its forecast for two rate cuts this year. However, it revised its outlook, expecting higher inflation (2.8% vs. 2.5%) and slower economic growth (1.7% vs. 2.1%). The unemployment rate is projected to rise slightly to 4.4%. These adjustments come amid the Trump…