The one year forward rate represents the one-year interest rate one year from now. You would solve the formula (1.04)^2=(1.02)(1+F1). F is 6.03%. Now calculate the two-year forward rate one year ...

The formula used by the Trump administration to calculate 'Liberation Day' reciprocal tariffs is based on trade deficits.

President Donald Trump’s formula for calculating tariffs, detailed in a statement from the United States Trade Representative ...