React custom hook with callback parameter not picking up parameter change

Question

I have a following generic custom hook. What I want to achieve is that hook itself exposes api with api functions, which I can use in a callback. I also want a hook to be dependent on a api function parameters changes.

export const useArticleApi = <TResult>(
    callback: (committedOrderApi: ArticlesApi) => Promise<TResult>
): {
    loading: boolean;
    data: TResult | undefined;
} => {
    const callbackRef = useRef<(articlesApi: ArticlesApi) => Promise<TResult>>();
    const [data, setData] = useState<TResult | undefined>();
    const [loading, setLoading] = useState(false);

    useEffect(() => {
        callbackRef.current = callback;
    }, [callback]);

    useEffect(() => {
        (async () => {
            setLoading(true);
            const response = await apiCallWithErrorHandling(
                async () => callbackRef.current && (await callbackRef.current(articlesApi))
            );
            if (response.isSuccess) {
                setData(response?.data);
                setLoading(false);
            }
        })();
    }, [callback]);

    return { loading, data };
};

Hook usage:

const getArticlesForAllCategoriesCallback = useCallback((api: ArticlesApi) => api.getArticlesForAllCategories(
        categories.map(c => ({ id: c.id, name: c.name, pageId: c.pageId }))
), [categories]);

const { data, loading } = useArticleApi<ArticleSearchBarViewData>(api => getArticlesForAllCategoriesCallback(api));

I missing something pretty obvious, but for some reason useEffect inside the hook doesn't detect the change of callback parameter and api method is run only once. Can you spot the issue?