While the jobs market stabilizes, import prices decline for the sixth straight month.
Fourth-quarter revenue reflected lower than anticipated sales of GoPro's capture devices due to slower than expected sell through at retailers.
The Bank's sobering assessment for 2016 nevertheless calls for only a modest growth slowdown in China.
Surveys of manufacturing and non-manufacturing sectors "suggest the U.S. economy cooled off in the fourth quarter."
Employers added 257,000 jobs in December, the biggest gain for all of 2015 and another sign that strong job growth is continuing.
The European Central Bank may have to increase its stimulus efforts to get European economies moving, say experts.
A closely-followed factory gauge reaches its lowest level in more than six years as low commodity prices continue to limit orders.
“Consumption is a big piece of it, and it’s chugging along.”
While job cuts are on pace to reach a six-year high in 2015, fewer oil-related layoffs are expected next year.
The long-anticipated rate hike to 0.25% will be followed by a "gradual" tightening of monetary policy, the central bank emphasizes.