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Elkhart business leaders heard a cautious but measured forecast for the U.S. economy Thursday, as uncertainty over tariffs weighs on hiring, consumer sentiment and business investment.

Tom Jalics, chief investment strategist at Fifth Third Private Bank, told attendees at the Greater Elkhart Chamber of Commerce’s Economic Update Luncheon that recent softness in job growth is tied directly to trade policy flux.

“Our opinion is that we’re going to see a modest slowdown over the next few months. As the

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