I am using InDesign 17.4 under macOS 12.6 on an iMac Retina 5K, 27", 2017 with a 3.4 GHz i5, 32GB RAM, and a Radeon Pro 570.

When I attempt to create a new paragraph style with an active text selection and check 'Apply Style to Selection', any change I make to the new paragraph style, including simply naming the style, renders the text invisible.

The expected result, of course, would be to have visible text.

The actual result is invisible text.

Relaunching ID, restarting the computer, and rebuilding the preferences file all had no effect. The only workaround I have found is to not select the 'Apply Style to Selection' option, create my style, and then apply the style in the document. From there I am able to edit the style without further issue.