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The curve inversion is too flat to suggest a recession, portfolio manager says

Fed officials are heading to Jackson Hole later this week and the markets will listen for any clues about the direction of interest rates. Tony Crescenzi, executive vice president and portfolio manager at PIMCO, and CNBC's Rick Santelli join "Squawk Box" to discuss the markets ahead of the meeting and after last week's wild market swings.

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CNBC

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