(RTTNews) - Reflecting a jump in exports and a modest decrease in imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed by more than expected in the month of June. The U.S. trade deficit has narrowed significantly since reaching a record high of $107.7 billion in March. He added, "With the Fed poised to move policy into restrictive territory in the coming months, and inflation remaining elevated through year end, we expect the ongoing slowdown in the economy to further arrest trade flows in the second half of 2022."