Curious what analysts at Goldman, JP Morgan, Morgan Stanley and Citi say about the economy? 

There is research from Wall Street investment banks online for free, but it would take a lot of time and effort to find and digest it. 

At Pricing Culture, we’ve teamed up with MindStudio to create a content library and an agent to make it easy to generate analysis and reports based on this primary research. 

The mechanics are straightforward: we identify the investment banks that post research on the web and use AI to summarize those posts. The Pricing Culture articles are then connected to a MindStudio account that allows users to build agents. 

As a test case, I asked the agent to “Analyze investment bank research to determine now changes in tariff policies would impact the economy.” 

What’s different from using a large language model like Perplexity or ChatGPT is that the sources are constrained to a curated set of content, ensuring a higher level of accuracy. 

You can see the full report MindStudio by clicking here:

Here are the ten big takeaways: 

Wall Street forecasts significant economic slowdown due to tariffs, with JP Morgan assigning a 60% probability of recession in 2025 and Morgan Stanley revising US growth to 0.6% in 2025 and 0.5% in 2026

Despite a 90-day pause on some reciprocal tariffs, the effective US tariff rate remains historically high at approximately 22-23%, significantly above pre-2025 levels

Goldman Sachs and JP Morgan predict dollar weakness against major currencies, with forecasts of 10% decline against the euro and approximately 9% against the yen and pound over the next 12 months

China’s growth forecasts have been downgraded by multiple banks, with Goldman Sachs reducing projections to 4% for 2025 despite anticipated policy easing measures of approximately $823 billion

Tariffs are expected to boost inflation in the short term, potentially delaying Federal Reserve rate cuts until 2026 according to Morgan Stanley, contrary to previous expectations of cuts in 2025

European economies face significant headwinds from US tariffs, with JP Morgan reducing eurozone GDP growth forecast to 0.9% for 2025, a 1.5% reduction primarily attributed to US trade policies

Sector analysis shows Capital Goods companies with strong pricing power may outperform, while Consumer Discretionary is identified as most vulnerable to tariff impacts

Metals markets are projected to experience significant price declines, with JP Morgan forecasting average Q2 2025 prices of $2,200/mt for aluminum, $900/st for HRC steel, and $8,300/mt for copper

Gold is expected to benefit from tariff uncertainty, with JP Morgan forecasting prices to reach approximately $3,000/oz in 2025, partly driven by its role as a hedge against trade tensions

Wall Street research indicates that even if countries successfully negotiate tariff adjustments, lingering effects and potential for new tariffs will continue to negatively impact economic outlook through 2025e.