Roughly 70% of all economic activity comes from consumers
The weak gain followed a 0.6% plunge in December
The downward revision did not affect the annual growth rate for all of 2018, which remained at 2.9%
The Conference Board's consumer confidence index fell to 124.1 in March from 131.4 in February
Housing starts slumped to 8.7% in February
The inversion is an early warning sign of potential recession
Officials expect economic growth of just 2.1% this year, down from the previous projection of 2.3%.
On Wednesday, analysts expect a scaled back projection from two interest rate hikes this year to one — or none at all
The charges come two years after the automaker settled with the U.S. over criminal and civil charges
Inflation may pick up thanks to higher wages, some economists say