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The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the August 2024 Survey of Consumer Expectations, which shows inflation expectations remained unchanged at the short- and longer-term horizons, and rebounded somewhat at the medium-term horizon after a sharp decrease last month. Labor market expectations were mixed, but largely stable. Households were more optimistic about the availability of credit a year from now. Delinquency expectations rose slightly again, to the highest level since April 2020. The main findings from the August 2024 Survey are: Inflation • Median inflation expectations at the one- and five-year horizons remained unchanged in August at 3.0% and 2.8%, respectively. Median inflation expectations at the three-year horizon rebounded somewhat from the low July reading, increasing from 2.3% to 2.5%. The survey’s measure of disagreement across respondents (the difference between the 75th and 25th percentile of inflation expectations) increased at all three horizons. post: NEW YORK FED: AUGUST YEAR-AHEAD EXPECTED INFLATION UNCHANGED AT 3%. post: NY FED: AUGUST THREE-YEAR-AHEAD EXPECTED INFLATION AT 2.5% VS. 2.3% IN JULY. post: NY FED: AUGUST FIVE-YEAR-AHEAD EXPECTED INFLATION UNCHANGED AT 2.8%.