Wall Street headed for a modest rebound Tuesday after Federal Reserve Chairman Ben Bernanke reiterated that he expects the economy to improve later this year.
After the central bank's recent interest rate cuts, loans to banks and tax rebates, the second half of the year should bring "somewhat better economic conditions," Bernanke said in a speech in Spain. The economy faces headwinds, however, and the inflation picture remains uncertain, he said, indicating that the Fed still intends to keep interest rates on hold.
Light, sweet crude fell $1.37 to $126.39 a barrel in premarket electronic trading Tuesday on the New York Mercantile Exchange, giving …
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