Pages - Anchor graphics to text ?

In Pages 14.3 I cannot get graphics to move with text. Format/Arrange/MoveWithText does not seem to work. For example, if I try to insert a PNG between two paragraphs it will place the graphic at the bottom of the previous page, two paragraphs prior to where I wanted it inserted. If I cut those two paragraphs and try to paste them prior to the graphic, they end up after the graphic. Any help would be appreciated. Thank you.