As per the latest news on ET Now, Peter Cardillo Of Spartan Capital expects a ‘mild recession’ as the fed continues to hike rates. The US Fed hiked rates by 75 basis points. This was discounted in the market. The last time, inflation was seen at 8.6 percent 40 years ago the fed fund rate was around 13% but now it’s merely 1.5-1.75 range. Watch the entire video to know more about the current market situation.