libertystreeteconomics.newyorkfed.org/2026/10/firm-heterogeneity-and-the-response-of-investment-to-monetary-policy Firm Heterogeneity and the Response of Investment to Monetary Policy
Most firms barely flinch when rates move. But for roughly 5 percent of firm-quarters, a 1-point rate hike triggers a 4-point drop in capital growth, and the usual suspects (size, age, financial health) explain surprisingly little of who gets hit hardest.
— via Fed Reserve — Liberty Street
