We calculate the renormalized parameters for the quasiparticles and their interactions for the Hubbard model in the paramagnetic phase as deduced from the low-energy Fermi-liquid fixed point using the results of a numerical renormalization-group calculation (NRG) and dynamical mean-field theory (DMFT). Even in the low-density limit there is significant renormalization of the local quasiparticle interaction U˜, in agreement with estimates based on the two-particle scattering theory of J. Kanamori [Prog. Theor. Phys. 30, 275 (1963)]. On the approach to the Mott transition we find a finite ratio for U˜/D˜, where 2D˜ is the renormalized bandwidth, which is independent of whether the transition is approached by increasing the on-site interaction U or on increasing the density to half filling. The leading ω2 term in the self-energy and the local dynamical spin and charge susceptibilities are calculated within the renormalized perturbation theory (RPT) and compared with the results calculated directly from the NRG-DMFT. We also suggest, more generally from the DMFT, how an approximate expression for the q,ω spin susceptibility χ(q,ω) can be derived from repeated quasiparticle scattering with a local renormalized scattering vertex.