When I record my guitar on an audio track, as soon as I hit record I can’t hear it while I’m playing. However it is recording and there is sound on playback.
This is the monitoring bug introduced in one of the last updates. Hopefully it'll be fixed in the next update, but in the meanwhile you can set the input on another audio track to your guitar and monitor that without arming it for recording, and don't monitor the armed track.
Thanks for the info. Definitely wish they would fix this.