take steam out

“It will not help her in this district — in fact it should hurt her. That’s really why I think it’s incumbent on the Republicans in the Senate to not compromise on gun rights because it will only take steam out of a winning issue for Republicans,” said Moog, who now chairs the Virginia Constitutional Conservatives’ gun rights task force, which is prioritizing repealing the state red-flag law.

The report renewed fears among investors that the Fed could speed up plans to raise interest rates, which would further take steam out of the stock market.

By reducing its bond holdings, the Fed is likely to take steam out of financial markets — bond prices will fall, causing yields to rise, and riskier investments like stocks will become less attractive.

In addition to raising rates, the Fed plans to reduce its large bond holdings by allowing securities to expire, which would push up longer-term borrowing costs, including mortgage rates, helping to take steam out of the economy.

Officials tried various measures to take steam out of the market last year and are now reversing some of them.