Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) 2022 is one that investors would rather forget. The stock is down 30% this year, but some recent news may spark a turnaround before 2023 arrives.

Both factors are out of Alphabet's control, but have a chance to affect how investors view the company's outlook significantly.

Federal Reserve chairman Jerome Powell made headlines on Nov. 30 when he stated, "The time for moderating the pace of rate increases may come as soon as the December meeting." That was music to investors' ears, as lower rates are better for business. Plus, it also indicates that the Fed's metrics for judging how it is slowing the economy are trending in the right direction.

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Source Fool.com