New information… Apparently the issue was only on every drawing in a particular project that I was working on with a rotated UCS and PLAN orientation. Changing the UCS to world doesn’t solve the issue, but changing UCS and PLAN view to world setting solves the issue.

I also experience a separate issue with the rotated UCS and PLAN settings for hatches. When setting the origin, the hatch does not start in the expected location relative to the origin point. For instance, on the net hatch, setting the origin in the rotated UCS does not start the hatch on the grid intersection but rather some random point in the middle.