*The new Trump administration's tough stance on trade will only make this number stronger.
*We run some simple, quick math to show that the Fed is going to have to start sprinting next year.
*That can be a market headwind.
US import prices jumped 0.5% month-to-month or about a 6% annualized run rate. The report was the strongest in four months. This economic stat will be a key driver for Fed decisions in 2017. Based on a stiffer new foreign trade policy import prices can spur more rate hikes than expected. That can cap markets.
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