Compare high-impact and medium-impact economic events during prop firm evaluation, including NFP, CPI, FOMC, GDP, retail sales, PMI and labor data.
Akash Mane is the Founder and CEO of Prop Firm Bridge, where he leads the company’s vision, platform growth, and long term strategic direction. He oversees operations across research, marketing, content systems, SEO, and product positioning while driving the platform’s mission of becoming a trusted authority in the prop firm industry. At Prop Firm Bridge, Akash plays a direct role in shaping educational frameworks, comparison systems, and trader focused resources designed to help users make informed decisions with transparency and confidence. His work focuses on building scalable organic growth systems, improving platform authority, and strengthening trust through accurate, structured, and search optimized content. In addition to leadership responsibilities, he actively manages growth strategy, social media marketing, search visibility, and brand development to expand the platform’s reach across global trading audiences.
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An economic calendar can show dozens of releases in one week, but a prop firm trader does not need to treat every line as equally dangerous. The useful question is not simply whether an event is marked red, orange or yellow. The useful question is how much the event can change the market's current expectations, how directly it affects the instrument being traded and whether the account has a specific restriction around it.
This guide ranks event risk as a planning framework, not as a universal prop firm rule. That distinction is critical. A calendar's high-impact label does not automatically create a trading ban. A medium-impact event is not automatically safe. The live account terms control compliance, while the ranking below helps a trader decide how much personal caution to use.
Current 2026 schedules reinforce why the biggest events deserve preparation. The U.S. Bureau of Labor Statistics publishes the Employment Situation and CPI schedules at 8:30 a.m. Eastern Time. The Federal Reserve has its September 15–16 FOMC meeting with the policy decision and press conference on September 16. The Bureau of Economic Analysis lists GDP and Personal Income and Outlays, including PCE-related data, on its current release calendar.
Author credibility: This article is written by Akash Mane, Founder and CEO of Prop Firm Bridge, using data-backed prop firm research and current official 2026 economic-release sources. Manoj Gholap is the fact checker.
Table of Contents
Quick answer: For planning purposes, central-bank decisions, NFP/Employment Situation and CPI belong in the highest attention tier for many traders. PCE, PPI, GDP, retail sales and major PMI/ISM releases often sit in a second tier whose importance can rise with the market narrative. Jobless claims, JOLTS, confidence, housing and trade data can sit lower in a normal week but become more important when policy or recession expectations focus on them. The account's own restricted-event list always takes priority.
| Planning tier | Typical examples | Why traders watch them | Compliance note |
|---|---|---|---|
| Tier 1 | FOMC/major central banks, Employment Situation, CPI | Can change policy, labor and inflation expectations quickly | Check exact account restrictions and order actions |
| Tier 2 | PCE, PPI, GDP, retail sales, major PMI/ISM | Can materially shift inflation or growth expectations | Do not assume permitted or restricted from the tier |
| Tier 3 | Jobless claims, JOLTS, confidence, housing, trade | Usually secondary but can become important in the right regime | Follow the account's live event source |
A high-impact label is an estimate that the event has a greater chance of moving the relevant market. Calendar providers can use colors, stars or labels. Those systems are useful for scanning a busy week, but they are not one universal legal definition shared by every prop firm.
Impact also depends on the size of the surprise. A famous event can produce a small move if the result is close to expectations and the market was positioned well. A normally quieter event can create a large move if the result is extreme or addresses the exact question investors are focused on.
For a prop trader, the label should trigger preparation. Preparation means checking the account rule, affected instruments, open exposure, remaining drawdown and the event time. It should not automatically trigger a trade or a ban.
A strong calendar setup therefore uses the impact label as one input, not the final decision.
Markets ask different questions in different periods. When inflation is the main concern, CPI, PCE, wage data and producer prices can dominate. When recession fear rises, employment, retail sales, GDP and business surveys can become more sensitive. When monetary policy is near a turning point, central-bank speeches and secondary data can receive unusual attention.
That means a static ranking can become stale. A trader should review which economic theme is currently driving rates and currencies. The formal account rule may stay unchanged, but the trader's personal risk ranking can adapt.
For example, job openings can be a secondary event in one environment and a major labor-market signal in another. The correct response is not to declare it permanently high impact. It is to recognize that current sensitivity changes.
This dynamic view is more useful than memorizing a color.
Use two columns. The first column says “Market-risk tier.” The second says “Account rule.” A Tier 1 event might be fully permitted by the account but still deserve smaller size. A Tier 3 event might be on the account's named restricted list. The two decisions can differ.
If the account uses a specific third-party calendar classification, record that source. Then the calendar label becomes part of the formal rule because the program has chosen it. If the account publishes a named list instead, use that list for compliance.
Do not change the firm's rule because your personal ranking changed. Personal caution can be stricter, never looser than the mandatory condition.
This structure keeps education, market analysis and compliance logically separate.
Prop Firm Bridge research note: Calendar impact and account permission should never share the same column in a trader's rule sheet.
Book insight: Annie Duke, Thinking in Bets, Chapter 1, is useful because a decision should use the information available before the outcome rather than a simple label.
The Federal Reserve sets monetary policy for the United States, and its decisions can change the expected path of interest rates. That affects the U.S. dollar, Treasury yields, gold and equity indexes. The market also reads the statement, projections when published and the Chair's press conference.
The Federal Reserve's 2026 calendar lists the September meeting for September 15–16. The September 16 event includes the policy decision at 2:00 p.m. Eastern Time and a press conference at 2:30 p.m. The two scheduled moments can create two separate volatility waves.
A rate decision can match expectations and still move markets if the forward guidance is different from what traders expected. That is why the event ranks high even when no rate surprise occurs.
Prop traders should verify whether the account treats the statement and press conference separately or as one broader event.
Central banks matter most directly to their own currencies. European Central Bank decisions can affect EUR pairs. Bank of England decisions can affect GBP. Bank of Japan policy can move JPY. Reserve Bank of Australia decisions can affect AUD. Cross pairs can therefore carry two central-bank calendars at once.
Policy also affects rates, equities and risk sentiment, so the reaction can spread beyond the direct currency. A major surprise from one central bank can alter global yield expectations or risk appetite.
The exact account restriction still needs to be checked. A program may limit only directly affected instruments or may use a broader all-instrument rule.
For risk ranking, any central-bank decision linked to a currency in the position deserves top attention.
Markets trade expectations. If the rate outcome is already fully priced, the numerical decision may add little new information. The press conference can reveal how policymakers view inflation, employment, growth and the path of future rates.
A single answer can change the interpretation of the statement. That is why a first move can reverse thirty minutes later. Traders who enter between the statement and press conference can be exposed to the second information wave.
A personal risk plan may treat the full communication cycle as one extended high-risk period even when the formal account blackout is shorter.
Tier 1 does not mean “never trade.” It means “prepare with the highest level of attention.”
Prop Firm Bridge research note: Central-bank days should be entered as a sequence of communication points, not one generic event label.
Book insight: Mark Douglas, Trading in the Zone, Chapter 7, fits policy events because an expected decision can still create an unexpected market reaction.
The U.S. Employment Situation combines several labor indicators in one release. Traders watch nonfarm payroll employment, the unemployment rate, average hourly earnings and revisions. These numbers can change expectations for economic strength, inflation pressure and Federal Reserve policy.
The Bureau of Labor Statistics schedules the release at 8:30 a.m. Eastern Time. The August 2026 report was released on September 4. The September report is scheduled for October 2. Traders should check the official schedule each month rather than rely only on the phrase “first Friday.”
The report can move USD pairs, yields, gold and equity indexes together. A trader with several positions should calculate combined event exposure rather than risk each ticket independently.
Because the event is scheduled and widely followed, preparation errors are avoidable.
Unemployment can move in a different direction from the payroll headline. Wages can change inflation expectations. Revisions can change the interpretation of previous months. The market can therefore react to the full report rather than one number.
A strong payroll headline combined with weak revisions can create mixed price action. A modest payroll result with strong wage growth can still affect rate expectations. This complexity increases the risk of trading the first seconds based on one headline.
For a prop evaluation, the safer use of the report may be to let the data establish context and trade a later setup after spreads and structure normalize.
The account rule should be checked before any event strategy is used.
Confirm the official date and time, review the account's exact news condition, calculate remaining drawdown and inspect all open and pending orders. Reduce correlated exposure if the combined risk is too large.
Use a personal buffer before the release so decisions are not made in the last seconds. Permission to hold does not require holding. A small open profit can still become a loss if the market gaps through a stop.
After the release, wait for the formal restriction to end and then decide whether the market is stable enough for the normal strategy.
Allowed is a compliance status, not a recommendation.
Prop Firm Bridge research note: NFP belongs in Tier 1 because it combines several market-sensitive labor variables at one known timestamp.
Book insight: Morgan Housel, The Psychology of Money, Chapter 13, supports maintaining a buffer when several risks can arrive at once.
CPI measures changes in consumer prices. Markets compare the result with expectations and evaluate both headline and underlying inflation. A surprise can change the expected path of central-bank policy within seconds.
The BLS schedules August 2026 CPI for September 11 at 8:30 a.m. Eastern Time. The report arrives at the same common U.S. data-release time as many employment releases, but it asks a different economic question.
Inflation can affect the dollar and yields directly. Gold and equities can react through interest-rate and real-yield expectations. The cross-market reaction can be fast.
This makes CPI one of the most important planning events for many prop traders.
A higher-than-expected inflation result can push yields and the dollar higher, which can pressure gold. Equities can fall if traders expect tighter policy, but the reaction depends on the broader growth and positioning context. There is no permanent one-direction formula.
Gold can also respond to risk sentiment and real yields. USD pairs have a second currency that adds another policy relationship. Equity indexes have sector and valuation effects.
One event can therefore create different technical patterns across markets. A trader should rank the event highly but still wait for the instrument's own strategy signal.
Correlated positions should be grouped before the release.
The first headline may not tell the full story. Traders can read core measures, categories and revisions, causing a first move and later reversal. Spreads can widen while this information is processed.
A tight stop can fill worse than planned. A trader close to a daily loss limit has little room for that difference.
A personal post-CPI wait can reduce the need to react to the first seconds. The formal account rule remains the minimum.
Tier 1 status means risk preparation should be strong even when the account allows participation.
Prop Firm Bridge research note: CPI is not only a forex event. Gold, rates and equity exposure should be included in the event-risk map.
Book insight: Annie Duke, Thinking in Bets, Chapter 1, supports process-based decisions when the market can interpret the same headline in several ways.
The PCE price index is published by the Bureau of Economic Analysis as part of Personal Income and Outlays. It uses a different construction from CPI and can influence how markets assess the inflation outlook.
The BEA current schedule lists Personal Income and Outlays for August 2026 on September 30 at 8:30 a.m. Eastern Time. That date should be marked separately from CPI and PPI.
PCE can behave like a Tier 1 event in periods when markets are highly sensitive to inflation. The tier is a planning default, not a permanent law.
Check whether the account names PCE directly or uses a broader event classification.
PPI measures producer-price changes. It can affect inflation expectations because producer costs can influence margins and future consumer prices. In normal conditions it may attract less attention than CPI, but a large surprise can still move rates and currencies.
The BLS schedules August 2026 PPI for September 10 at 8:30 a.m. Eastern Time, one day before CPI. That creates an inflation-heavy sequence for traders in that week.
If PPI materially changes the market's expectation for CPI or policy, its effective market importance rises.
Personal risk ranking should therefore consider the current narrative.
Start with CPI in the highest planning tier. Put PCE and PPI in the next tier by default. Then ask what the market is currently focused on. If a central bank has emphasized a particular inflation measure, raise its personal risk level.
Do not alter the account's formal list. The personal tier only changes how much caution the trader uses.
Review recent reactions but do not assume the next release will copy the last one. Use history to understand range, not to guarantee impact.
Keep each inflation event as its own calendar row.
Prop Firm Bridge research note: A dynamic tier is more useful than permanently calling every inflation release “red folder.”
Book insight: Mark Douglas, Trading in the Zone, Chapter 7, is relevant because no event ranking removes uncertainty from the next reaction.
GDP measures broad economic output. The advance estimate is the first major estimate for a quarter, so it can change the market's view of growth before later revisions arrive. Large differences from expectations can affect currencies, yields and indexes.
The BEA schedule lists the third estimate for second-quarter 2026 GDP on September 30 and the advance estimate for third-quarter 2026 GDP on October 29, both at 8:30 a.m. Eastern Time.
The impact depends on what is already expected and which components drive the change. Later revisions can also matter when they are large.
For a prop trader, GDP deserves a clear calendar entry and an account-rule check.
Retail sales provide information about consumer spending. When markets are focused on the strength or weakness of demand, a surprise can change growth and rate expectations.
The reaction can be stronger when the report conflicts with other data. Strong spending during an inflation-sensitive period can be interpreted as policy pressure. Weak spending during recession concern can intensify growth fears.
Retail sales can therefore move from Tier 2 to Tier 1 personal attention in the right environment.
Do not assume the account treats it the same way as GDP or CPI.
The same strong growth number can be good for risk assets in one environment and negative in another if traders believe it delays rate cuts or increases inflation pressure. Markets react to the change in expectations, not to a simple “good data equals good market” rule.
This is why event ranking should include the current macro question. Is the market worried about recession, inflation or policy credibility? The answer changes which details matter.
A prop trader does not need to become an economist. A simple weekly note about the dominant theme is enough to improve risk awareness.
Use that note to adjust personal size and caution, not to override account rules.
Prop Firm Bridge research note: Growth data becomes more important when the market is trying to decide whether economic momentum is changing.
Book insight: Morgan Housel, The Psychology of Money, Chapter 2, “Luck & Risk,” is useful because the same outcome can be interpreted differently depending on the environment.
Business surveys can provide timely information about activity, new orders, employment and prices. Because they arrive relatively quickly, traders can use them as early signals about growth and inflation trends.
A large surprise can change expectations before official quarterly data catches up. The market can react even though the survey is not a direct measure of GDP.
For U.S. traders, ISM manufacturing and services reports are widely followed. Other economies have their own business surveys.
The event belongs in a serious calendar even if the trader does not treat every release as Tier 1.
The headline activity index receives attention, but employment, new orders and prices components can also matter. If the market is focused on inflation, prices paid may become more important. If recession risk dominates, new orders or employment can receive more attention.
This mirrors the NFP lesson: one headline does not explain the whole reaction.
A trader should avoid entering from a fast headline alone. Let the instrument's normal setup confirm the interpretation.
Account restrictions may use a calendar classification rather than the trader's personal tier.
Raise the personal tier when recent survey surprises have moved the instrument strongly, when policy officials are focused on the survey's theme or when the account has very little remaining drawdown.
Also consider event clustering. A PMI release close to a major central-bank decision can influence positioning even if the survey alone is normally secondary.
The trader can reduce size or stay flat without changing the formal account rule.
Dynamic risk ranking is a discipline tool, not a prediction of volatility.
Prop Firm Bridge research note: Survey data is most useful when the trader knows which component the market currently cares about.
Book insight: Annie Duke, Thinking in Bets, Chapter 1, supports updating beliefs when new evidence changes the market question.
Initial jobless claims provide frequent information about labor-market stress. In a strong stable labor market, the report can create limited reaction. When traders are watching for deterioration, the same data can become much more important.
Because the report is frequent, one weekly number should not be overinterpreted. Trends and surprises matter more than a single observation.
A prop trader should keep it on the calendar but avoid assuming every claims release deserves NFP-level caution.
If the account's chosen calendar classifies the event as restricted, compliance still applies regardless of the personal tier.
Job openings provide another view of labor demand. A large change can influence how markets assess labor tightness and wage pressure. This can matter to monetary-policy expectations.
The BLS 2026 calendar includes JOLTS releases at scheduled times. Traders should verify the current date and event rather than use an old recurring reminder.
JOLTS may become more market-sensitive when Federal Reserve communication emphasizes labor rebalancing.
Personal ranking should adapt to that context.
Removing it completely creates blind spots. A trader does not need to stop trading for every secondary report, but awareness prevents surprise.
A simple Tier 3 label lets the trader see the event without giving it the same weight as NFP. If the market narrative changes, the tier can be raised.
This structure keeps the calendar useful rather than crowded with identical red warnings.
The trader should still scan open exposure and account rules before any event the program treats as restricted.
Prop Firm Bridge research note: Tier 3 means lower default attention, not zero attention.
Book insight: Mark Douglas, Trading in the Zone, Chapter 7, supports staying open to changing probabilities instead of freezing an event's importance permanently.
Confidence surveys can influence expectations for future spending. Their direct impact is often lower than CPI or NFP, but a large surprise can matter when the market is focused on household demand.
Confidence can also reinforce or contradict retail-sales data. The combined story can shape growth expectations.
For a prop trader, the event normally belongs below the top tier but should remain visible.
Do not create a formal restriction unless the account's current rule does.
Housing is sensitive to interest rates and credit conditions. Building, sales and price data can provide information about financial conditions and consumer demand.
Most housing reports do not receive the same attention as FOMC or CPI. However, their relevance can rise when rates are high or the housing market becomes central to the economic narrative.
A trader near the daily loss limit may choose to avoid even a lower-tier event because the account has little room left.
Risk is always a combination of event and account condition.
Remaining drawdown can raise the practical importance of any event. A Tier 3 release does not become economically equal to CPI, but the trader may still choose to stay flat because a small execution surprise could end the account.
The personal daily stop should already be below the hard limit. If that stop is reached, the calendar tier no longer matters because trading should stop.
This prevents recovery trading during an event that the trader would normally ignore.
The evaluation objective is survival and consistency, not maximum participation.
Prop Firm Bridge research note: Event tier and account health interact. Low remaining drawdown can justify high caution on an otherwise ordinary release.
Book insight: Morgan Housel, The Psychology of Money, Chapter 13, is relevant because margin of safety becomes more valuable as available room shrinks.
EUR/USD directly contains the dollar and euro, so U.S. data changes the relative interest-rate and economic outlook. Gold is quoted in dollars and responds to rates and real-yield expectations. Oil can react to the dollar and growth outlook but also has its own supply and inventory drivers.
The same CPI release can therefore be Tier 1 for all three from a volatility-planning perspective but create very different price patterns.
Position mapping should identify both direct currency exposure and major macro drivers.
The account may also define affected instruments differently from the trader's personal map.
Cross pairs contain two non-USD currencies, but global U.S. events can still affect risk sentiment and relative rates. More importantly, each currency has its own central-bank calendar. GBP/JPY carries both Bank of England and Bank of Japan policy exposure.
A simple method is to write the two currencies beside every pair and check both calendars. Add global Tier 1 events such as FOMC when they are known to affect broad risk.
Do not assume a cross is safe because USD is absent.
Likewise, do not claim the account formally restricts the cross unless the rule says so.
Direct economic linkage, liquidity and current market focus differ. An RBA decision is highly relevant to AUD pairs and normally less direct for a European equity index. An oil inventory report is central to crude and may be peripheral elsewhere.
Instrument-specific ranking keeps the calendar efficient. The trader sees what matters to the watchlist rather than every global release equally.
This also improves position sizing because the trader can identify correlated exposure across several symbols.
Rank the event based on what you actually trade.
Prop Firm Bridge research note: A useful event ranking starts with the instrument, not with the color of a global calendar line.
Book insight: Annie Duke, Thinking in Bets, Chapter 1, supports context-specific decisions instead of one fixed answer for every situation.
Inflation sensitivity raises CPI, PCE, PPI and wage data. Recession concern raises employment, retail sales, GDP and surveys. Policy uncertainty raises central-bank communication. Banking stress or geopolitical shocks can make normally secondary liquidity or risk indicators more important.
Write one sentence at the top of the weekly calendar: “The market is mainly focused on inflation,” or “The market is mainly focused on labor weakness.” This creates context without turning the trader into a full-time macro analyst.
Then adjust personal tiers where necessary.
The account's mandatory rule remains unchanged unless the program updates it.
Review weekly and after major policy changes. A monthly deeper review can compare which events actually moved the instruments, but avoid overfitting one sample.
Do not lower a Tier 1 event just because the last release was quiet. Importance is about potential and current narrative, not the size of one candle.
Likewise, do not permanently promote a Tier 3 event because one surprise was large.
Use several observations and the broader macro context.
Mandatory avoidance comes from the account rule. Personal caution comes from the trader's risk plan. They can overlap, but they are not the same.
A Tier 1 event may be permitted but personally avoided. A Tier 3 event may be formally restricted by the account. The trader follows the stricter requirement relevant to the action.
Keep the two labels visible in the calendar.
This prevents accidental misinformation and improves decision discipline.
Prop Firm Bridge research note: Dynamic ranking should change risk behavior, not rewrite the account's official terms.
Book insight: Mark Douglas, Trading in the Zone, Chapter 7, supports updating the probability view while keeping the execution process consistent.
Tier 1 events deserve the most conservative size because execution can be less predictable. Tier 2 events may use reduced or normal size depending on current sensitivity. Tier 3 events may require no adjustment under ordinary conditions. These are planning ideas, not fixed percentages.
The exact size must fit the strategy, stop distance and remaining drawdown. A trader should stress test a worse fill on any event day.
Several correlated positions should be combined before deciding size. Three 0.25% trades can behave like a much larger single event bet.
Permission does not remove the need for this calculation.
Skip when the remaining drawdown is small, spreads are already abnormal, the rule is unclear, the strategy has no tested event edge, the trader is tilted or the event occurs outside normal working hours.
Also skip when the week already contains several large losses or several high-risk events. Preserving the account can be more valuable than one additional opportunity.
A prop evaluation can be passed without trading famous releases.
“No trade” is part of a complete risk plan.
Mark Tier 1 and Tier 2 days before the week begins. Reduce the planned total risk on weeks with several major releases. Keep a personal daily stop below the hard account limit. Reserve room for slippage and correlated movement.
After each event, update the remaining weekly risk rather than resetting emotionally because a new day begins. A bad NFP day can justify a quieter CPI session.
Journal the result by event tier. Over time, compare whether news exposure improves or hurts evaluation performance.
The ranking becomes useful when it changes risk, not when it only adds colors to a calendar.
Related Prop Firm Bridge reading: See How to Trade News Events Without Breaking Rules, News Trading Time Zones, and the Prop Firm News Blackout guide.
Prop Firm Bridge research note: A ranking is valuable only when it changes preparation, size or the decision to stay flat.
Book insight: Morgan Housel, The Psychology of Money, Chapter 13, is a strong fit because the purpose of a risk budget is to leave enough room to continue trading after an uncertain event.
The structured FAQ summarizes the event tiers. Use the tiers as a planning framework, and always follow the current restricted-event rules for the exact account.
About the Author: Akash Mane
Akash Mane is the Founder and CEO of Prop Firm Bridge. His work focuses on data-backed prop firm research, verified rule analysis and trader education designed to make evaluation decisions clearer. Connect with him on LinkedIn.
Conclusion
High-impact versus medium-impact news is most useful as a risk hierarchy, not a universal rulebook. FOMC and other major central-bank decisions, the Employment Situation and CPI normally deserve the highest preparation. PCE, PPI, GDP, retail sales and business surveys can move into the highest personal tier when the market is focused on their theme. Secondary events should remain visible because their importance can change.
The account's live policy still decides compliance. The trader's ranking decides how much personal caution to add. Keep those two decisions separate, map events to the instruments actually traded and reduce risk when the remaining drawdown cannot tolerate an execution surprise.
Prop Firm Bridge helps traders understand prop firm evaluation rules, event risk and drawdown mechanics through verified, data-backed research. Visit propfirmbridge.com for current prop trading education.
Central-bank rate decisions and press conferences, the U.S. Employment Situation, CPI and other major inflation releases often deserve the highest planning attention. The exact restricted-event list still depends on the account.
NFP and the broader Employment Situation are widely watched because payrolls, unemployment, wages and revisions can change expectations for growth and monetary policy. Market impact can vary, but it normally belongs near the top of a trader's event-risk plan.
CPI generally receives more market attention, but PPI can become important when markets are highly focused on inflation. Prop traders should check each event separately and follow their account's current rule.
PCE inflation can be important because markets use it when assessing the inflation and policy outlook. Its market impact varies, and account restrictions may classify it differently.
No event is automatically safe. A medium-impact release can move strongly when the market is sensitive to its theme, and a permitted trade can still create slippage or drawdown risk.
The account rule controls compliance. Calendar colors help describe expected market importance but are not a universal contractual standard.
Yes. GDP releases can materially change growth expectations, especially the advance estimate or a large revision. The current market narrative determines how strongly traders react.
Yes. Business-activity surveys can move currencies and rates when they change growth or inflation expectations, especially if the result differs significantly from forecasts.
Yes. A U.S. event can be highly relevant to USD pairs, gold and U.S. indexes, while a Bank of Japan decision is directly relevant to JPY exposure. Rank risk by the instrument actually traded.
Use it to decide which releases require more preparation, smaller risk or a personal no-trade buffer. Keep that personal ranking separate from the account's mandatory restricted-event list.
