J.P. Morgan asset management global market strategist Jack Manley spoke in an interview with Fox. In brief: believes the Fed’s current policy stance is too restrictive given the mixed signals in the economysees justification for starting a rate-cut cycledoubts the Fed will cut aggressively because labor markets remain tight, wages are growing, and consumers overall are resilientManley says that low- and middle-income households are under strain, stresses that higher earners drive most of the economy’s momentumOn markets, highlights the durability of the Magnificent 7 earnings story but expects a longer-term rotation toward broader S&P 500 participation, with earnings growth between big tech and the rest converging by 2026The full interview is here:There are plenty of arguments for easing rates, but Fed Reserve should be cautious, argues market strategist This article was written by Eamonn Sheridan at investinglive.com.