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(Bloomberg) -- Cryptocurrency prices extended their slide, sending Bitcoin to the lowest level since November, as escalating tariff-war tensions spurred concern about the economy that offset a wave of pro-crypto announcements from President Donald Trump last week.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix I

If forecasts for Wednesday's official report are correct, inflation likely decelerated slightly in February but remained well over the Federal Reserve's 2% annual rate goal.

Consumer surveys show a decline in sentiment as President Donald Trump ramped up tariff talk, while retail sales and consumer spending levels have also decreased.

HOUSTON (Reuters) -BlackRock CEO Larry Fink said on Monday that inflation in the United States will be elevated by nationalistic policies, including the deportation of workers. The head of the U.S. investment management company, speaking at the CERAWeek conference in Houston, added that markets are discounting inflation and there will be further cost increases over the next six to nine months. "I think if we all are becoming a little more nationalistic - and I'm not saying that's a bad thing, you know, it does resonate with me - that it's going to have elevated inflation," he said.

(Bloomberg) -- Oil slid to a six-month low as signs of economic weakness in the world’s two biggest crude consumers fanned concerns that US tariffs will sap global energy demand. Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ of High Line Designer

At least that's where the betting is in futures markets, where contracts that settle to the Fed's policy rate were increasingly priced for quarter-percentage-point reductions in June, July and October following U.S. President Donald Trump's remarks last weekend about a "period of transition" as he ratchets up tariffs on China, Canada and Mexico. U.S. stocks and Treasury yields also dropped on Monday on concern that his comments signaled a coming recession. Fed Chair Jerome Powell on Friday said the U.S. central bank is in no rush to cut rates, with the labor market still strong, inflation on a bumpy path toward the U.S. central bank's 2% goal, and uncertainty high over the effect of Trump's trade, fiscal, immigration and regulatory policies.

(Bloomberg) -- The expansion of artificial intelligence capabilities will augment the already significant algorithmic trading in oil futures markets, Vitol Group Chief Executive Officer Russell Hardy said.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architect