Peaches-and-Cream Cupcakes

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For the cupcakes:

1 1/2 cups all-purpose flour

1 1/2 teaspoons baking powder

1/2 teaspoon baking soda

1/4 teaspoon salt

1 stick unsalted butter, at room temperature

3/4 cup granulated sugar

2 large eggs

1 teaspoon pure vanilla extract

1/8 to 1/4 teaspoon pure almond extract

2/3 cup buttermilk

For the peaches:

2 tablespoons unsalted butter

2 small ripe peaches, each cut into 6 wedges

1 tablespoon granulated sugar

For the frosting:

2 sticks unsalted butter, at room temperature

2 1/2 cups confectioners' sugar

3 tablespoons whole milk

1/4 teaspoon pure vanilla extract

1/4 teaspoon pure almond extract