Step 1: Preheat and Prep

1. Preheat your oven to 350°F (175°C).
2. Grease and lightly flour a loaf pan or line it with parchment paper.

Step 2: Mix the Dry Ingredients

1. In a medium bowl, whisk together the flour, baking powder, baking soda, and salt. Set aside.

Step 3: Cream the Butter and Sugar

1. In a large mixing bowl, beat the softened butter and sugar together until light and fluffy, about 2-3 minutes.
2. Add the eggs one at a time, mixing well after each addition.
3. Stir in the almond extract.

Step 4: Combine Wet and Dry Ingredients

1. Gradually add the dry ingredients to the butter mixture, alternating with the yogurt. Begin and end with the dry ingredients. Mix until just combined.

Step 5: Fold in Cherries and Almonds

1. Gently fold in the cherries and sliced almonds with a spatula, being careful not to overmix.

Step 6: Bake

1. Pour the batter into the prepared loaf pan and spread it evenly.
2. Bake for 50-60 minutes, or until a toothpick inserted in the center comes out clean.
3. If the top browns too quickly, cover it loosely with foil during the last 10-15 minutes of baking.

Step 7: Cool and Serve

1. Allow the bread to cool in the pan for 10 minutes, then transfer it to a wire rack to cool completely.
2. Dust with powdered sugar before slicing, if desired.