Despite the Fed’s most aggressive tightening campaign in decades, the U.S. economy has displayed remarkable resilience, characterized by a robust labor market and strong consumer spending. But then, the market lost momentum in the second half of this year due to sticky inflation which led to apprehensions of higher-for-longer interest rates. JPMorgan's Kolanovic highlights that consumers have utilized their excess savings from the pandemic, as quoted on Business Insider, published on Yahoo.