Right now, that indicator points to a 70% probability of a recession. It should be noted, however, that this recession indicator has flashed above 70% two other times since the yield curve first ...
Historically, the inverted yield curve has been a reliable indicator that a recession will hit in the next 12 to 18 months.
Read here to know ore about the implications of the yield curve's re-inversion and what it signals for potential recessions.