The market was split today, with the Dow and S&P 500 slightly down opposed to the Nasdaq which is in the green. The market is watching top bank executives testify on the health of the U.S.’s banking system in the aftermath of the 2008 financial crisis.

Investors are digesting the latest inflation data after the Labor Department showed low overall inflation. The consumer price index rose 0.1% in March from the prior month, for a 1.9% year-on-year increase. The ex-food and energy, or core index, rose 0.15% for a gain of 2% year-on-year. These were below market expectations. Apparel recorded its biggest month-to-month decline of 1.9%. Offsetting that, tenants’ rent was up about 0.4% on the month, college tuition price was up 0.8%, and prescription drug prices rose 0.6%.

The persistence of low inflation reading overall has been a key reason why the market is spooked about any further Fed tightening. Investors will get a better look at the Fed’s monitoring of inflation when the details of its March minutes are released at 2 p.m.