Richmond Fed, Report: Are Capital Expenditures Getting Too Expensive?  

“Together, The CFO Survey and the Richmond Fed surveys of manufacturers and service providers indicate that firms have recently been less likely to take on new capital expenditures and are thus either slowing the pace of existing projects or pushing back the start of pending projects. There is some evidence that recent changes to capital investments are a product of rising interest rates or a more uncertain economic environment. It will be important for policymakers to continue to monitor firms’ expectations for capital expenditures in the coming months.”