Monitoring actual audio when activating "Meter inputs only" in Audio Track Mixer
When you activate "Meter inputs only" in the Audio Track Mixer of Premiere Pro you can see the audio level of your input channel but you cant actually monitor/hear the audio.
Matt Stegner commented
This command only affects the meters.
Monitoring of the audio signal (Example: Hearing the microphone through the speakers) will only happen during recording, not when the transport is stopped.
You can not monitor while the transport is stopped.
To turn off monitoring of the incoming signal completely, you can use "Prefs>Audio>Mute input while shuttling..."