Fixed point and Floating point are extremely similar, so most of the time you should just go with floats. If you start with a fixed type, reserve some bits for storing an explicit exponent and define a normalization scheme, you've recreated the core of IEEE floats. That also means we can go the other way and emulate (lower precision) fixed point by masking an appropriate number of LSBs in the significand to regain the constant density of fixed. You can treat floating point like fixed point in a log space for most purposes, ignoring some fiddly details about exponent boundaries.

And since they're essentially the same, there just aren't many situations where implementing your own fixed point is worth it. MCUs without FPUs are increasingly uncommon. Financial calculations seem to have converged on Decimal floating point. Floating point determinism is largely solved these days. Fixed point has better precision at a given width, but 53 vs 64 bits isn't much different for most applications. If you happen to regularly encounter situations where you need translation invariants across a huge range at a fixed (high) precision though, fixed point is probably more useful to you.