In January investors expected the Federal Reserve to raise interest rates to just 0.75% by the end of the year. Expectations have shifted dramatically since: by late June markets were expecting rates to hit 3.5% by the end of 2022. This change in expectations is far bigger than the actual move in interest rates， which have climbed by 1.5 percentage points. The impact of this duality—that expectations have leapt while reality has only hopped—was plain to see on July 14th， 15th and 18th as America’s six largest banks， Bank of America， Citigroup， Goldman Sachs， JPMorgan Chase， Morgan Stanley and Wells Fargo， reported earnings for the second quarter.
发音释义: n. 效忠，忠诚;忠贞 结构分析:allegiance = al+ legi+ance→对君主的忠诚→忠诚 词源解释:allegiance←古法语legeance，legi←古法语liege 同源词:liege。
