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Fed's Williams says it is to soon to gauge the impact of the war with Iran on US inflation and growth, but US economy is less dependent on imported oil than it has been and it has proved resilient to energy price shocks

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"Transmission is really through some of these asset prices and financial market reactions, which so far have been reasonably muted".

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Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement