The press release on FOMC decisions follows a standard form. The first paragraph states the decision. The next two paragraphs summarize the Fed's economic outlook, interpret the decision, and give the main reasons behind it. The key decision is whether to change the target for the federal funds rate. Changes are described in basis points. There are 100 basis points in one percentage point. This means, for example, that if the FOMC increases its target interest rate from 1% to 1.5%, there would be an increase of 50 basis points, or one half of a percentage point. According to the press release, the FOMC: Select one: A. Increased its target interest rate 25 basis points to a new level of 5.00% B. Increased its target interest rate 50 basis points to a new level of 3.75% C. Increased its target interest rate 25 basis points to a new level of 4.75% D. The target rate was left unchanged