(In paragraph 7, updates CME likelihood of 100 bps rate hike) By Stephen Culp NEW YORK (Reuters) – Wall Street ended a directionless session higher on Wednesday as an on-target inflation report largely stanched the flow of Tuesday’s sell-off and investors pressed the “pause” button. All three indexes wavered throughout the day, but ultimately ended in positive territory. They all failed to meaningfully recover ground lost in Tuesday’s carnage, which wrought their largest percentage plunges in more than two years. “Today is a lick-your-wounds day, after taking body blows yesterday,” said Ryan D…