Fed to start monitoring social networks for sentiment
In December, the Fed will begin monitoring Facebook, Twitter, and much of the rest of the internet in an effort to gauge sentiment of the financial world and particularly their own perception. #OccupyWallStreet isn’t the only one hitting the web. A request for proposal surfaced on Scribd in September: Federal Reserve Bank of New York (“FRBNY”) is extending to suppliers an invitation to participate in anSentiment Analysis And Social Media Monitoring Solution RFP bid process. The intent is to establish a fair andequitable partnership with a market leader who will who gather data from various…