Federal Reserve says no rate cut for now

US central bank warns of 'uncertainties' about sustained economic expansion

The stock market and the White House didn't get an interest rate cut on Wednesday, but the Federal Reserve was accommodating in its statement.

The central bank's Federal Open Market Committee, or FOMC, kept the target for the federal funds rate at a range of 2.25 percent to 2.5 percent, citing a strong labor market and an economy growing at a moderate pace.