Preheat your oven to 350°F (175°C). Grease and flour a 10-inch bundt pan.
In a medium bowl, whisk together the flour, baking powder, baking soda, salt, cinnamon, and nutmeg.
In a large bowl, beat the butter and sugar until light and fluffy. Add the eggs one at a time, beating well after each addition. Mix in the buttermilk and vanilla extract.
Gradually add the dry ingredients to the wet mixture, beating until just combined. Fold in the chopped apples.
Pour half of the batter into the prepared pan. Drizzle half of the caramel sauce over the batter, then swirl with a knife. Pour the remaining batter into the pan and repeat with the remaining caramel sauce.
Bake for 50-60 minutes, or until a toothpick inserted into the center comes out clean. Cool in the pan for 15 minutes, then turn out onto a wire rack to cool completely.
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