Market pricing shows fewer bets on Federal Reserve rate cuts in 2026 as traders reassess the path of U.S. monetary easing.March U.S. unemployment came in at 4.3%, below the 4.4% consensus forecast and down from 4.4% in February, pointing to a still‑resilient labor market.For crypto markets, the mix of sticky employment and a shallower rate‑cut path argues for a slower liquidity tailwind, but not an outright macro shock.