1. Where are the jobs?

    Fed: Economic Recovery Improving

    NEW YORK, NY - SEPTEMBER 06:  A man walks by the New York Stock Exchange on September 6, 2012 in New York City. Following news of a new European Central Bank bond-buying program and stronger-than-expected data on the job market ,The Dow Jones industrial average rose 245 points, or 1.9% to close at the highest level since December 2007.  (Photo by Spencer Platt/Getty Images)

    Spencer Platt

    Finally, a cheery economic forecast. On Wednesday, officials from the Federal Reserve upgraded their assessment of the economic recovery, saying that while unemployment is "elevated," the "labor market conditions have shown further improvement in recent months." Short-term interest rates are expected to stay low until 2015, and inflation forecasts have been shaded down. But there is no indication yet as to when the central bank will start resigning its monthly $85 billion bond-buying program, but the positive economic forecast means it might be reduced in the coming months.

    Read it at The Wall Street Journal