*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.