Capitalytics

**Regression for CPI Inflation Rate**

	Dependent variable (+/- SE):

	CPI Inflation Rate

Constant	-26.906 (+/- 3.111)
	p = 0.00000^***
US Fed Reserve O-N Loan Rate	7.067 (+/- 0.949)
	p = 0.00001^***
Moody's AAA Curve	-2.739 (+/- 0.917)
	p = 0.010^***
Moody's BAA Curve	3.353 (+/- 0.396)
	p = 0.00000^***
Real GDP growth	-0.810 (+/- 0.104)
	p = 0.00001^***
Nominal GDP growth	0.844 (+/- 0.105)
	p = 0.00000^***
Real disposable income growth	-0.683 (+/- 0.102)
	p = 0.00001^***
Nominal disposable income growth	0.636 (+/- 0.099)
	p = 0.00002^***
Unemployment Rate	0.581 (+/- 0.081)
	p = 0.00001^***
30-year Mortgate Rate	1.085 (+/- 0.218)
	p = 0.0002^***
Home Price Index	0.073 (+/- 0.008)
	p = 0.00000^***
Market Volatility Index	0.047 (+/- 0.006)
	p = 0.00000^***
US Avg Retail Gasoline Price ($-gal; all grades, all formulations)	-1.916 (+/- 0.273)
	p = 0.00001^***
LN_30-year Treasury Yield	63.269 (+/- 5.462)
	p = 0.000^***
20-year Treasury Yield	-18.458 (+/- 3.391)
	p = 0.0001^***
10-year Treasury Yield	-4.971 (+/- 1.387)
	p = 0.003^***
LN_7-year Treasury Yield	-58.354 (+/- 5.388)
	p = 0.00000^***
3-month Treasury Yield	-3.172 (+/- 0.857)
	p = 0.003^***
LN_5-year Treasury Yield	57.812 (+/- 5.517)
	p = 0.00000^***
LN_3-year Treasury Yield	-14.679 (+/- 1.722)
	p = 0.00000^***
5-year Treasury Yield_2	-8.291 (+/- 0.626)
	p = 0.000^***
3-month Treasury Yield_2	-0.499 (+/- 0.069)
	p = 0.00001^***
7-year Treasury Yield_2	9.876 (+/- 0.748)
	p = 0.000^***
20-year Treasury Yield_2	3.835 (+/- 0.609)
	p = 0.00002^***
30-year Treasury Yield_2	-4.083 (+/- 0.477)
	p = 0.00000^***

Observations	40
R²	0.998
Adjusted R²	0.996
Residual Std. Error	0.185 (df = 15)
F Statistic	378.824^*** (df = 24; 15)

Note:	^p<0.1; ^p<0.05; ^**p<0.01