With the economy once again being ravaged by coronavirus, the inflation figure due today is not the most pressing economic indicator on Americans’ minds. Yet price pressures look likely to rise later this year. Commodity prices are booming. President-elect Joe Biden’s administration is likely to dole out more stimulus. And most job losses in December were concentrated in leisure and hospitality, which are likely to rebound swiftly once most Americans are vaccinated. Ten-year inflation “breakevens”, the difference in annual yields between consumer-price-inflation-protected bonds and the normal sort, recently crossed 2%. However, this is probably still lower than the Federal Reserve would like, both because the measure of inflation to which its 2% target applies usually lags behind the consumer-price index, and because it wants to overshoot its target to make up for lost ground. For now that lost ground is growing. Today’s CPI data for December are likely to show paltry annual price rise
语言知识点
1 重点词汇
1.ravage，vt，A town, country, or economy that has been ravaged is one that has been damaged so much that it is almost completely destroyed. 严重毁坏，摧毁
eg. His health was gradually ravaged by drink and drugs.
2.inflation，noun，Inflation is a general increase in the prices of goods and services in a country. 通货膨胀
eg. Concerns over rising unemployment and high inflation are raised in a nation.
high/ low inflation，高/ 低通货膨胀
cause/ control/ curb inflation，引发/ 控制通货膨胀
deflation，通货紧缩
3.boom, vt, if business, trade, or a particular area is booming, it is increasing and being very successful（商业、贸易等）繁荣，迅速发展
eg. Tourism on the island has boomed.
business/ economy/ industry/ market/ tourism/ trade + boom，商业/ 经济/ 行业（产业)/ 市场/ 旅游/ 贸易快速发展
4.stimulus, noun, A stimulus is something that encourages activity in people or things. 刺激物，促进因素
eg. Interest rates could fall soon and be a stimulus to the US economy.
stimulus to，刺激
5.overshoot, vt, If a government or organization overshoots its budget, it spends more than it had planned to. 超出，突破预算
eg. The government usually overshot its original spending target.
overshoot target，超过目标
6.paltry, adj, a paltry amount of something is too small to be useful or important 太少的，微不足道的
eg. They suffered an electoral catastrophe, winning a paltry 3 seats.
7.rebound, vt, to rise again after they have fallen 回升，反弹
eg. Share prices rebounded today after last week's losses.
8.swift, adj, happening or done quickly and immediately 迅速的，立刻的
eg. The rise to fame was swift.
swiftly，adv，迅速的
2 固定搭配
1.dole out，发放，发给
eg. Vera was doling out candy to all the kids.
2.lag behind，落后
eg. Britain is lagging behind the rest of Europe.
3.make up for，弥补，补偿
eg. Ask for an extra compensation payment to make up for the stress you have been caused.
make achievements/ progress，取得成就/ 进步
make mistakes，犯错误
3 术语表达
1.CPI, 是居民消费价格指数的简称，是一个反映居民家庭一般所购买的消费品和服务项目价格水平变动情况的宏观经济指标，它是衡量通货膨胀的主要指标之一。它是在特定时段内度量一组代表性消费商品及服务项目的价格水平随时间而变动的相对数，是用来反映居民家庭购买消费商品及服务的价格水平的变动情况。
4 语法点津
1.And most job losses in December were concentrated in leisure and hospitality, which are likely to rebound swiftly once most Americans are vaccinated.
句子结构：主语job losses + 谓语were concentrated in + 宾语leisure and hospitality + 非限制性定语从句 + 条件状语
非限制性定语从句：主语关系词which + 谓语are likely to rebound
条件状语：主语Americans + 谓语are vaccinated（一般现在时被动语态）
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