Oksana Aronov, head of alternative fixed income market strategy at an asset management company, said in an interview with CNBC on Tuesday that interest rates are not as restrictive as the Federal Reserve anticipates. ... The market has become accustomed to a low-interest-rate environment, “This (market calls for rate cuts) is the impact of 15 years of extraordinary unconventional monetary policy on the market.” Aronov said that the US unemployment rate is at a historic low, and the market is no longer accustomed to a normal interest rate environment. The current 4.3% unemployment rate is "fully within" the Fed's 5% target, and recent weakness is simply a return to normalcy after years of a very tight labor market. ... We are not really seeing widespread weakness. Retail sales, as well as strong earnings from retailers like Walmart (WMT.N), point to strong consumer spending. Aronov said the economy is continuing to grow steadily and there is no need to "cry wolf." (JinShi)