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when using compressor I see the out indicator working as expected but audio out from speaker not reduced

Question asked by toy-knowlogy on Feb 15, 2017
Latest reply on Mar 6, 2017 by toy-knowlogy

I have a simple project, 2 mics into a standard independent peak used for compression. I can see in the level indicators display the in dB move up and down with volume, and the out dB get cut off and limited as I move the threshold, but the actual audio I hear coming from the speakers is not limited or reduced, even if I move the threshold to zero. I have tried different versions of the compressor with same result.  what do I have wrong?