A strong dollar has been a drag on corporate profits, and as such will continue to be a headwind until multi-nationals can adequately hedge their foreign currency exposure. Weather was not as much of a drag as it was last year, but a minor contributor nonetheless. Weakness in energy, the star of the U.S. economy the past few years, is beginning to be felt on the aggregate. There are also supply disruptions that have worked their way into recent data.
U.S. economic performance should maintain a less optimistic tone until the second half of 2015. By that time, both consumers and producers will be in better positions to navigate the changing environment.