While the Fed pointed out that the US economy was growing at a sustainable pace with solid job gains and lower unemployment rate, the central bank said that it would maintain short-term interest rates at record low at least until mid-year.
German consumer climate reached a new high of 9.3 points, a level unseen for 13 years.
Australian business conditions deteriorated in December, while sentiment remained weak, increasing pressure on the Reserve Bank of Australia to cut interest rates in the coming months.
While the UK economy recorded the fastest annual growth rate since the financial crisis of 2007, the economic recovery lost some steam in the final quarter of 2014.
Demand for big-ticked manufactured goods unexpectedly plunged in December, a sign US businesses are cautious to spend even in light of the strong economic recovery.
While Greece's Syriza party seeks to keep its election promise to replace the bailout plan, which expires on February 28, with a new agreement that eases austerity and relieves Greece's debt burden, European officials signal that debt reduction would be against the Euro zone rules and would set a precedent for other recession-hit countries.
Japan's trade balance deficit reached a record high of $109 billion over 2014, marking the fourth consecutive annual shortfall, amid increased import prices and huge post-Fukushima energy costs.
Kristin Forbes, the Bank of England's Monetary Policy Committee, hinted that interest rates in the UK may start rising sooner than expected amid improving global economy.
The Congressional Budget Office expects that the budget deficit of the world's number one economy will shrink for a fifth consecutive year in 2016, marking the longest stretch of improvement since the surpluses of the late 1990s, as declining unemployment rate helps boost revenues.
The Euro dived to the lowest level in 11 years versus the US Dollar as Greece's anti-austerity Syriza party won the general election on Sunday.
Although activity in China's manufacturing sector picked up slightly in January, it still remains weak as growth in the world's second biggest economy continues to cool.
Canada's inflation cooled the most in nine months in December, confirming the Bank of Canada's concerns over the impact of falling oil prices on the nation's economy.
UK retail sales surprised markets to the upside, posting an unexpectedly solid growth in December driven by a sharp increase in food sales amid cheaper fuel prices and ultra-low inflation.
The US flash data on activity in the manufacturing data showed a significant deterioration in January, as the corresponding PMI reading fell to the lowest level in twelve months.
The German economy started the year on an upbeat note, as demand increased for the first time in three months, while employment rose.
Major central banks continued to surprise market analysts and economists by their unexpected policy moves.
Consumer confidence in New Zealand increased for a second consecutive month in January reaching the highest level in six months, as households become more optimistic about the future prospects amid cheaper petrol prices, which provide more spending power to consumers.
British government borrowing unexpectedly increased in December due to hefty contribution to the European Union budget as well as a rise in central government spending.
The number of people applying for US-state unemployment benefits dropped last week from the highest level in seven months, with the underlying trend pointing to consistent improvement in the US labour market.
Super Mario did not let market participants down, as he announced full-blown QE programme in an ambitious attempt to save the Eurozone's economy from being trapped in long-term economic stagnation.
Major central banks around the world continue to surprise markets.
The Bank of Japan downgraded its next financial year's inflation outlook amid precipitous drops in oil prices, which continue to see the central bank's 2% goal slip further from achieving.
Two policy makers of the rate-setting Monetary Policy Committee, who insisted on the need to raise interest rates in the near term, changed their mind and joined those, who advocated for keeping rates unchanged, which raises speculation the Bank of England will refrain from raising interest rates until next year.
US housing starts soared more than expected in December, reaching the highest level in more than six and a half years.