The Federal Reserve Bank of New York's Microeconomic Data Center released its October 2024 Consumer Expectations Survey. U.S. one-year inflation expectations fell to 2.87% in October, a four-year low. U.S. one-year inflation expectations fell to 2.87% in October, a new low since October 2020; the previous value was 3.00%. Median inflation uncertainty decreased over three and five years. Median expectations for U.S. unemployment rate increases over the next year slipped to 34.5%, a new low since February 2022. The data showed a slight decline in household inflation expectations for the short, medium and long term, and an improvement in labor market expectations, reporting lower unemployment and unemployment risks. Households surveyed said their likelihood of finding a job had increased if they were made redundant. Perceptions of credit access improved in October, as did expectations for future credit access. Households reported a lower likelihood of missing minimum debt payments on time in the next three months.