Goldman Sachs says it doesn't expect a Fed interest rate hike in March after Silicon Valley Bank's implosion

• Goldman Sachs now doesn't expect the Fed to hike interest rates at its next meeting on March 21-22.
• Fed chairman Powell previously signaled higher-than-expected rate hikes to cool inflation.
• But the aftermath of the implosion of Silicon Valley Bank is causing uncertainty about the banking sector.

The implosion of Silicon Valley Bank, or SVB, and the resulting panic in the banking sector is expected to thwart the Federal Reserve's hawkish efforts on interest rates, according to one major bank.