Inflation has eased, but is still running high. Here's an easy way to tell if your savings account is losing ground, along with a simple move to help your money hold its value.

Here’s how inflation could sway Fed interest rate cut bets for October. Wall Street awaits key CPI report. The inflation data may sway the likelihood of a Federal Reserve interest rate cut in October.

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Vladimir Vladimirov / Getty Images ...