As the UK economy heads for recession, Liz Truss becomes Britain’s new prime minister facing inflation at 40-year highs. 

The NFP release, August print, is expected this Friday, the 2nd of September. 

While the US has seen headline inflation fall, Eurozone inflation has continued to increase, hitting a 25-year high of 8.9% year-on-year in July. 

Data over the last two weeks bolstered optimism that the Fed can achieve a soft landing for the economy.

The economy’s strength faces a key test this week when July’s monthly US NFP report is released.