Chicago Fed President noncommittal on rate hike in December: “December could be an appropriate time to do it, but I don’t see any urgency either,” Chicago Fed President Charles Evans said in an interview with CNBC (autoplay video) on Monday. Evans made the remarks following the latest US jobs report which came in below expectations at 176k new jobs last month. Evans says it is important to get inflation to the target of 2% to create a cushion for potential policy easing.

Rosneft says no to OPEC’s oil production cap: Russia’s state owned energy firm Rosneft will not participate in any OPEC agreement to cut oil production, according to its president Igor Sechin, Reuters reported on Tuesday. His remarks come in contrast to those of Russian President Vladimir Putin, who just on Monday had said that Russia would be willing to enter such an agreement with OPEC producers. Sechin also threw some much-needed cold water on the idea that OPEC members would actually commit to a production freeze: “Try to answer this question yourself: would Iran, Saudi Arabia or Venezuela cut their production?”