We’ve been seeing this issue internally also, apparently that’s an issue with Visual Studio 17.9 and UE 5.3.
If you open the Visual Studio solution file for your project (.sln) Visual Studio should have a small yellow bar in your Solution Explorer which helps you install the correct versions of the tools.
You can alternatively manually install these packages in the Visual Studio Installer:
MSVC v143 - VS 2022 C++-x64/86-Buildtools (v14.36)Windows 10 SDK (10.0.18362.0)