Before you can answer this question, it would help to know what it means when the Federal Reserve tries to slow the economy.
Companies have less access to money to expand their operations, which means they hire fewer workers.
At the same time, higher interest rates will typically lower consumers' demand for new homes, cars and other capital goods. Again, the result is lower inflation. Specifically, those companies that depend upon heavy consumer spending are more likely to be hurt when the economy cools down. Noncyclical industries are generally more immune to rising interest rates and a slowing economy. Thus far, we've looked only at stocks.