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The Federal Reserve didn't change interest rates once again.

The Fed cited concerns that "recent global economic and financial developments" -- a thinly veiled reference to China -- could dampen the economy and lead to lower levels of inflation.

"Nothing has changed. The Fed is going to hike rates eventually. The U.S. economy is strong enough to handle that," said Brent Schutte, senior investment strategist for BMO Global Asset Management.

With that in mind, Schutte said investors should probably stick with large blue chip stocks.

The Fed's rate hike could make the dollar stronger and will help financial firms.

"Postponing a rate hike is going to put pressure on the banks' margins for even longer," said Gary Cloud, portfolio manager with the Hennessy Equity and Income Fund.

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