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The Fed raises interest rates, Trump offers a warning on China trade tensions, and the Bitcoin bloodbath continues. Here are some of the things people in markets are talking about.

Federal Reserve officials raised interest rates for the second time this year and upgraded their forecast to four increases in 2018, as the unemployment rate falls and inflation rises. The “dot plot” released Wednesday showed that eight Fed policymakers expected four or more quarter-point rate increases for the full year, compared with seven officials during the forecast round in March. The number viewing three or fewer hikes as appropriate fell to seven from eight. The median estimate implied three increases in 2019, to put the rate above the level where officials see policy neither stimulating nor restraining the economy.