Rising loan losses, growing expenses eating into banks' bottom lines
Many consumers don't understand current market risks
With inflation at 8.7%, monetary policy committee raised interest rate to 5%
Latest hike came after inflation rose slightly to 4.4% in April
Rates to stay higher for longer amid inflation, 2024 forecast revised down
Inflation held steady at 8.7% in the year to May, against expectations for a modest decline
Process of getting inflation back down to 2% has "a long way to go,'' Fed chairman says
Latest increase ensures banks have a cushion to absorb rising credit losses
Par life accounts eventually benefit from higher interest rates
Credit ratings, outlooks under pressure as challenges mount for U.S. commercial property sector