Product Categories “No categories” | WordPress.org

When adding the “Product Categories” block to a page, I always get the content “No categories”.
When adding the block, I can see the block make an XHR GET to /wp-json/wp/v2/block-renderer/woocommerce/product-categories?context=edit&attributes%5BhasCount%5D=true&attributes%5BhasImage%5D=false&attributes%5BhasEmpty%5D=false&attributes%5BisDropdown%5D=false&attributes%5BisHierarchical%5D=true&attributes%5BshowChildrenOnly%5D=false&post_id=6129&_locale=user
returns 200 w/ contents…
{

“rendered”: “<div data-block-name=\”woocommerce\/product-categories\” data-has-count=\”true\” data-has-image=\”false\” data-has-empty=\”false\” data-is-dropdown=\”false\” data-is-hierarchical=\”true\” data-show-children-only=\”false\” class=\”wp-block-woocommerce-product-categories wc-block-product-categories is-list \” style=\”\”><ul class=\”wc-block-product-categories-list wc-block-product-categories-list–depth-0\”>\t\t\t\t<li class=\”wc-block-product-categories-list-item\”>\t\t\t\t\t….<\/div>”

}
I’m at a loss for why this isn’t rendering in the block.