USD/JPY Builds Bullish Momentum Before U.S. CPI, Fed Speeches
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Trump tariff inflation has hit the data: A closer look at June CPI
Yahoo Finance Senior Columnist Rick Newman joins Market Domination Overtime host Josh Lipton to discuss the June Consumer Price Index (CPI) data, highlighting the key categories that saw the strongest inflationary effects from President Trump's tariffs. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Fresh economic data coming in on Tuesday with June's consumer price index and tariff opponents may have some explaining to do when it comes to the uptick in inflation. Joining me now is Yahoo Finance senior columnist, Rick Newman. Rick? Hey Josh. Uh well Trump talked to reporters outside the White House today. He said inflation is very low. Ah I guess, uh uh your guest we were just had um, you know I I buy what he said 2.7%. That's nothing to freak out about, but it's going in the wrong direction and economists who have been scouring this data looking for signs that Trump's tariffs are finally pushing prices up are now finding evidence that the tariffs are pushing prices up. And you can see that if you look at specific product categories that are dominated by imports such as appliances, such as sporting goods, such as toys. Much of that comes from uh China or other countries in Asia and um we did see big month to month um jumps in those categories. Uh you can see some of the charts there. I mean it might be a little bit hard to read. Uh but in other categories such as um uh clothing and furniture and footwear, uh we did see the trend of prior months, which was basically no inflation. Now we're starting to get some inflation there. And that is basically exactly what economists say what normally happen when you are start raising the tax on imports. So if this continues for a few more months I think it's going to be very clear we do have tariff inflation. Given all that um economists think that the Trump tariffs as they stand now that might raise inflation from uh 2.7% now to, let's say 3.5%, maybe 4%. So that's a lot lower than the 9% we had in uh 2022, but will voters notice? I think the answer is some will and some won't and um Trump is going to have to persuade them that even though inflation is going up it's not a problem. It was interesting Rick because because some economists were kind of focusing on the goods categories, and I saw other economists they were making a beeline for the services, you know, and the disinflation they saw there. They were pointing at airline fares and auto insurance premiums and shelter costs. You mentioned the politics of this Rick, just elaborate on that this a little bit for us. What are how do you see that shaking out for the Trump White House? Well Democrats are sounding hysterical um frankly. So every time there's like a one-tenth of a uh increase in the price of anything, they they shout that Trump is um is driving inflation up and nobody can afford anything. I mean that's not true. I mean inflation is not that bad, but on the other hand um we got as low, so just to go through the recent history here. Everybody hated 9% inflation in 2022. Almost everybody saw that whether it was food at the grocery store, gasoline, um almost, you know, most things people buy. We got we got that down to 2.3%. That was the low point earlier this year. And the Federal Reserve of course wants to see it around 2%. So we almost got to 2%, and now we're not. Now we're going the wrong direction so, uh you know Trump keeps screaming at Federal Reserve Chair Jerome Powell to cut interest rates, but it is Trump's own tariffs that are preventing uh Powell from cutting rates. So, um this is all a blame game. Trump is preparing, he wants to have a villain ready to finger if the economy does turn south. Um Democrats are already uh, you know, they've been screaming almost since the day Trump got into office that he's ruining everything in the economy he touches. Um nobody's exactly right and I I think the it really depends on where does the pain really fall. Um but it will fall more heavily on working and lower income Americans. Working class, I should say, than anybody else because that's what always happens and of course that's a big part of Trump's base. So I think he knows he's going to have to tread carefully here. Rick, thank you my friend. Appreciate it. You got it. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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GSSG Chikuden Launches with US$400M Commitment from Vision Ridge Partners
New Utility-Scale Battery Storage Developer Established as Joint Venture Partnership Between GSSG Solar and Vision Ridge GSSG Chikuden Seeks to Accelerate the Japanese Energy Transition Through Development, Construction and Operation of Utility-Scale Battery Storage TOKYO, July 15, 2025--(BUSINESS WIRE)--GSSG Chikuden, LLC ("GSSG Chikuden" or the "Company"), a utility-scale battery storage developer dedicated to accelerating the Japanese energy transition, today announced the launch of its business with a US$400 million commitment from Vision Ridge Partners ("Vision Ridge"), a global sustainable real assets investor. GSSG Chikuden will use the investment to support its development, construction and operation of utility-scale battery energy storage systems ("BESS") across Japan's power grid. GSSG Chikuden was established as a joint venture partnership between Vision Ridge and GSSG Solar, LLC ("GSSG Solar"), building upon their longstanding relationship and shared vision for advancing the global transition to sustainability. The GSSG Solar management team, which has committed capital to GSSG Chikuden alongside Vision Ridge, will operate the Company, seeking to leverage its extensive boots on-the-ground experience, broad network, and history of energy project development across Japan's power markets. GSSG Chikuden launches with an existing pipeline of development projects with secured grid interconnection rights and will look to opportunistically acquire projects to expand its reach. "As demand for clean power continues to rise, we are proud to launch GSSG Chikuden with the goal of supporting the urgent need for reliable, grid-scale energy storage infrastructure across the Japanese power market," said Tomakin Archambault, Managing Partner and CEO of GSSG Solar. "We believe the commitment by Vision Ridge, a recognized investor with a history of backing BESS, helps validate our mission, strategy and team. We look forward to deploying GSSG Chikuden's regional expertise and technology to execute on the robust pipeline of development opportunities we see." Vision Ridge invested in GSSG Solar in 2014 and has since supported the company in its expansion and execution of solar energy project development opportunities across Japan. GSSG Chikuden will seek to benefit from Vision Ridge's familiarity with its leadership team as well as the firm's experience investing in and growing battery storage platforms. In 2018, Vision Ridge invested in Key Capture Energy, LLC, and supported the company in its evolution into a developer, owner and operator of energy storage projects within the United States until its sale to SK E&S Co., Ltd., a Seoul-based global clean energy solutions provider in 2021. "We are pleased to expand our decade-long relationship with GSSG Solar with the launch of GSSG Chikuden," said Reuben Munger, Managing Partner and Chief Investment Officer of Vision Ridge. "We think battery storage assets form a crucial part of the emerging sustainable energy economy globally, and are confident that GSSG Chikuden's management team, project development experience, and regional relationships will enable it to deliver much-needed energy storage assets to the grid in Japan." About GSSG ChikudenFounded in 2025 as a joint venture between Vision Ridge Partners and GSSG Solar, LLC, GSSG Chikuden focuses on acquiring, developing and operating utility-scale battery energy storage systems ("BESS") across Japan's power grid. About GSSG SolarGSSG Solar, LLC is an Asia-focused solar + storage investment firm founded in 2013 with offices in Denver (headquarters), Tokyo & Taipei. Since inception, GSSG Solar has invested in over 500MW of solar projects primarily located in Japan with a portion in Taiwan and the US. For more information visit: About Vision Ridge PartnersBy seeking to deliver superior investment returns, Vision Ridge mobilizes capital to address humanity's greatest challenge: climate change. The Vision Ridge team seeks to leverage its diverse, complementary skillsets, deep industry experience, and strong network of relationships to execute investments across sustainable real assets, with a focus on energy, transportation, and agriculture. Vision Ridge manages approximately $4.9 billion on behalf of institutional investors globally, as of March 31, 2025. For more information visit: View source version on Contacts MediaAmanda Shpiner/Iain HughesGasthalter & Co.(212) 257-4170vision-ridge@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
