Photoshop Brush lag MacBook Pro 2019

Dear Team,

I'm reaching out regarding some significant performance issues I'm encountering while using Photoshop on my MacBook Pro 2019 (16-inch, Intel i7 model). Despite having installed the latest version of Photoshop and ensuring that my macOS Ventura is freshly installed, I'm experiencing severe brush lagging when working with TIFF and PNG files.

Specifically, when I attempt to use brushes quickly, there's a noticeable delay of 2-3 seconds before the brush strokes are applied. I've attempted various troubleshooting steps to resolve this issue, including:

1. Disabling the GPU acceleration, which unfortunately did not alleviate the problem.
2. Setting the smoothness to zero in an attempt to improve performance, but with no success.

It's important to note that I'm not using any custom brushes, and my system setup should be capable of handling these tasks smoothly.