U.S. consumer confidence eased in April as views on current conditions slightly worsened, offsetting more optimistic future expectations.The Conference Board’s index decreased to 107.3 from an upwardly revised 107.6 reading in March. The median forecast in a Bloomberg survey of economists called for a reading of 108.2.Inflation — running at the fastest pace since 1981 — is increasingly taking a bite out of paychecks, and more dollars are being spent on essentials like food, gas and shelter. While consumers are so far hanging tough and continuing to spend, some economists worry that demand will eventually slow to a point that could cause a recession. Inflation-adjusted spending data will be released Friday.
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