Gradient Investments associate portfolio manager Lisa Schreiber says the Federal Reserve will likely keep interest rates unchanged for the rest of 2026, following May's hot Personal Consumption Expenditures reading. The headline PCE rose 4.1% year-over-year, the most since April 2023, while core PCE came in line with expectations. Schreiber notes the Fed recently shifted its bias from a potential cut to a potential hike under new Chairman Kevin Warsh, but she expects easing inflationary pressures from lower oil prices to allow the central bank to hold steady. She also highlights investment opportunities tied to AI infrastructure, including Rockwell Automation, Chevron, and CRH.
CRH PLC ADR
Chevron Corp
Microsoft Corporation
Micron Technology Inc
Rockwell Automation Inc