A New York Fed survey indicates that U.S. consumers' long-term inflation expectations remained stable in April, despite new price pressures from the Iran conflict. While expectations for inflation over the next 12 months increased slightly, the outlook for inflation over the next three to five years remained unchanged from March. This suggests that consumers perceive the price shocks from the conflict as temporary. The survey also highlighted concerns about the labor market, with consumers assigning a 44% probability to rising unemployment over the next 12 months, marking the highest level in a year.