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Readings above 50 indicate expanding output. A gauge of prices charged by service providers increased to a five-month high.</p>","<p><figure><img class=\"aligncenter size-full wp-image-29436\" src=\"https://images.treasuryandrisk.com/cdn-cgi/image/format=auto,fit=contain/http://images.treasuryandrisk.com/contrib/content/uploads/sites/411/2023/03/032423_Bloomberg.jpg\" alt=\"\" width=\"1200\" height=\"675\"></figure> <p>The improvement in the composite measure of output at factories and services providers, along with signs of lingering inflationary pressures, highlights the challenge faced by the Federal Reserve. 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