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(Bloomberg) -- For months, President Prabowo Subianto’s moves to chip away at Indonesia’s long-established economic guardrails have stoked anxiety in markets. This week’s sudden rout suggests investor patience is wearing thin.Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding Pullbac

NEW YORK (Reuters) -Oil prices were steady on Friday and headed for a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter supply. Brent crude futures was up 3 cents at $72.03 a barrel by 10:52 a.m. EDT [1452 GMT]. The U.S. Treasury on Thursday announced new Iran-related sanctions, which for the first time targeted an independent Chinese refiner among other entities and vessels involved in supplying Iranian crude oil to China.

Trump said rates should be lowered as tariffs "ease" their way into the economy. It's not the first time the president has called for the Fed to slash rates.

(Bloomberg) -- Alberta Premier Danielle Smith rejected any constraints on oil and gas exports to the US in her first meeting with new Prime Minister Mark Carney, renewing her criticism of Canada’s Liberal government as the country prepares for an election.Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsAmtrak CEO Departs Amid Threat

The Federal Reserve has a playbook for fighting inflation, and another for boosting the economy when unemployment is rising. But what would the central bank do if both happen at the same time?

(Bloomberg) -- The Trump administration is poised to extend Chevron Corp.’s deadline to halt its Venezuela operations for at least another 30 days, following lobbying efforts by the Texas-based oil giant, people familiar with the matter said.Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackLA Faces $1 Billion Budget Hole, Warns of Tho

(Reuters) -FedEx Corp lowered its full-year profit and revenue forecasts on Thursday, as the parcel delivery firm battles stubbornly soft demand and uncertainty in the U.S. industrial economy as President Donald Trump imposes tariffs on trading partners. "Our revised earnings outlook reflects continued weakness and uncertainty in the U.S. industrial economy, which is constraining demand for our business-to-business services," Chief Financial Officer John Dietrich said in a statement. FedEx shares fell 5.3% to $232.29 in after-hours trade, while rival United Parcel Service stock shed 1.1%.