MNI TV: Key Exclusive Highlights For Week 30

MNI's key exclusive stories for this week:

MNI SOURCES: Gulf Flare-Up Reinforces ECB September Hike Case Renewed conflict in the Persian Gulf is consolidating the case for further tightening by the European Central Bank, Eurosystem sources told MNI.  

MNI POLICY: Fed Inclined To Hike Despite CPI Breathing Room Last week's benign June data create some breathing room to hold off on a rate hike at the July 28-29 meeting, but it would likely take several months of consistent improvement in the inflation outlook in order to dissuade policymakers from raising rates.

MNI POLICY: Warsh Task Forces Will Need To Woo FOMC Skeptics While some of Warsh's top policy priorities like revising or scrapping the Summary of Economic Projections and shrinking the Fed’s balance sheet have broad support, the notion of relying more on novel indicators or revisiting the inflation framework will likely face stronger resistance.