The New York Federal Reserve's calendar schedules a Staff Nowcast update for 12:45 p.m. Friday; the consumer-price index follows July 14, retail sales July 16 and import and export prices July 17. [1]

The sequence applies the paper's warning that futures bets and strategist forecasts measure different things to the economic calendar; a nowcast is a model estimate; CPI and retail sales are official observations released later.

Market X can trade a fresh model number as though the underlying government data have arrived, although no verified post specific to Friday's update surfaced; the calendar offers a plainer service: it tells readers which instrument is available and which releases remain unopened. [1]

This article does not supply a nowcast value because the fetched evidence establishes the schedule, not the result; calendar dates can change, and any revision requires the actual release; Friday therefore brings an update to a model before next week's inflation and spending reports; it does not bring those reports forward.

-- LUCIA VEGA, Sao Paulo