FILE PHOTO: Traders work inside posts, on the first day of in-person trading since the closure during the coronavirus disease (COVID-19) outbreak on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid
(Reuters) – The S&P 500 and Dow futures ticked lower on Wednesday as investors stayed on the sidelines ahead of the Federal Reserve meeting that could shed further light on the central bank’s view of the economy as it emerges from lockdowns.
Fed policymakers will publish their first economic projections since the coronavirus pandemic set off a recession in February that ended a decade-long expansion. Investors will also look for any hints on yield curve control measures amid a recent surge in U.S. Treasury yields.
The projections and the Fed’s policy statement will be released at 2 p.m. (