Morning News Monday July 16th 2007
General News: - Fed Chief Bernanke will talk about the inflation threat when he testifies in front of Congress this week. - Weather is not turning out as hot as possible, and grain prices are sharply lower as a result. - The UK Guardian is reporting that US Vice President Cheney is urging the Bush administration to make military strikes on Iran to stop the Iranian nuclear program. Asia/Europe: Asia: - China’s CPI could reach as high as 4%, which could prompt a rate hike. - India will contain inflation within 4% even though total capital inflows may…