On September 18th, Oksana Aronov, Head of Alternative Fixed Income Market Strategy at JPMorgan Asset Management, said in an interview with CNBC on Tuesday that interest rates are not as restrictive as the Federal Reserve expects... The market has become accustomed to a low-interest-rate environment, "This (market calls for rate cuts) is the impact of 15 years of unusual unconventional monetary policy on the market." Aronov said 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 "completely within" the Fed's target of 5%, and any recent weakness is simply a return to normalcy after years of a very tight labor market... We're not really seeing widespread weakness. Retail sales, as well as strong earnings from retailers like Walmart (WMT.N), show strong consumer spending levels. Aronov said the economy is still growing steadily and there is no need to "cry wolf." (Gold Ten)