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Gundlach, NY Fed warn of recession

The New York Federal Reserve's recession indicator now stands at 24%, indicating the average spread between the 13-month Treasury Bill and the 10-Year Treasury Note have compressed to levels seen in advance of certain prior recessions. Separately, Yahoo Finance's Julia La Roche interviewed Jeffrey Gundlach, who said his recession indicators are flashing yellow-green. Yahoo Finance's Alexis Christoforous and Jared Blikre break it down.

Read Julia's article here.