Instant Pot Mac and Cheese with Ham and Peas Recipe

Ingredients

• 4 cups water
• 1 (16 ounce) package elbow macaroni
• 1 teaspoon dry mustard powder (such as Colman's®)
• 1 teaspoon salt
• 1 teaspoon hot sauce
• 1 (12 fluid ounce) can evaporated milk
• 1/3 cup whole milk
• 2 tablespoons unsalted butter
• 2 cups shredded 2% milk Cheddar cheese (such as Kraft®)
• 1 cup shredded Monterey Jack cheese
• 1 cup diced cooked ham
• 1/2 cup frozen peas, defrosted
• salt and ground black pepper to taste