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  • ** FOMC Announcement **

      *FED SAYS INFLATION `PERSISTENTLY' BELOW 2% GOAL COULD POSE RISKS
     
        FOMC: REPEATS,WHEN START TIGHTENING TO TAKE 'BALANCED'APPROACH
        FOMC: REPEATS, 'PREPARED TO INCREASE OR REDUCE' PURCHASES'
        **FOMC: NOW SAYS ECON EXPANDG 'MODEST' PACE INSTEAD 'MODERATE'
        *FOMC ISSUES STATEMENT AFTER TWO-DAY MEETING IN WASHINGTON
        *FED SAYS INFLATION `PERSISTENTLY' BELOW 2% GOAL COULD POSE RISK
        **FOMC: KEEPS $85BLN/MONTH TOTAL ASSET BUYS, COMPOSITION SAME
        **FOMC: KEEPS 6.5% UNEMP/2.5% INFL THRESHOLD FOR RATE HIKES
     
     
    Mortgages bouncing a bit off of the morning lows on that first, more Dovish, statement regarding Inflation.  Fannie 3.5s are up 10 since the statement. 
    Jul 31 2013