US STOCKS-Futures steady as investors await Fed's economic outlook

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* Futures: Dow sheds 0.29%, S&P dips 0.15%, Nasdaq up 0.30%

By Medha Singh
June 10 (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. (1800 GMT), followed by a press conference
with Fed Chair Jerome Powell.
Prospects of a rebound in the economy, backed by encouraging
data have been pivotal in driving stocks higher in recent weeks,
with the Nasdaq .IXIC notching a record closing high for the
second straight session on Tuesday and the S&P 500 .SPX ending
about 5% below its all-time peak.
At 6:02 a.m. ET, Dow e-minis 1YMcv1 were down 80 points,
or 0.29%. S&P 500 e-minis EScv1 were down 4.75 points, or
0.15%, and Nasdaq 100 e-minis NQcv1 were up 30.25 points, or
0.3%.
Some of the heavyweight stocks on the Nasdaq 100 .NDX
index - Apple AAPL.O , Facebook Inc FB.O , Amazon.com Inc
AMZN.O - rose about 0.5% in premarket trading.
Oil majors Exxon Mobil Corp XOM.N and Chevron Corp CVX.N
dropped about 1.5% each, as oil prices weakened after a rise in
U.S. crude inventories raised concerns of oversupply. O/R
AMC Entertainment Holdings Inc AMC.N rose about 4% after
the world's largest theater operator said it expected to reopen
its theaters globally in July.
Economic data at 8:30 a.m. ET is expected to show consumer
price index (CPI) was unchanged in May after dropping about 0.8%
in the prior month.