Goldman Sachs has revoked the Federal Reserve’s rate hike this month after failure of Silicon Valley Bank

Goldman Sachs analysts said on Sunday that they no longer consider the United States Federal Reserve (Fed) to give a rate rise at its meeting on Mar-22 due to the current strain in the banking sector.

The failing Silicon Valley Bank’s, clients will be able to access all of their accounts starting on Monday, according to United States(U.S) authorities

The authorities’ actions are expect to boost depositor trust and give banks battling deposit withdrawals with a sizable amount of cash.

Goldman Sachs said it saw significant uncertainty more about rate increase path after March but left its projections for 25-basis-point increases in May