Stock market today: Asian shares mixed as investors await Fed policy decision, price data

Many observers expect no change in rates given recent data suggesting the U.S. economy is slowing. This week also brings price data that might indicate whether the Fed is succeeding in snuffing inflation.

The Shanghai Composite index slipped 0.1% to 3,228.72. Shares rose in Taiwan and India but fell in Bangkok. Australian markets were closed for a holiday. Energy stocks fell along with the price of crude oil. Exxon Mobil slipped 0.7% and was one of the heavier weights on the market. The highest rates since 2007 have helped inflation come down some, but it's still above everyone's comfort level.

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