What the Banking Panic Means for Fed Rates Next Week.

As markets recovered on Tuesday, the banking crisis that kicked off on Friday looked a little less scary, though the turmoil may not be over yet.

There is optimism that the problems that sank Silicon Valley Bank and others in the U.S. won’t spread. Of course, there may be other issues–in Europe,

Credit Suisse

shares are plunging to new record lows as it faces its own demons.