Instant Pot Beef Bourguignon

Ingredients

• 1 pound stew beef, cut into 1-inch pieces
• 2 tablespoons all-purpose flour
• Salt and pepper, to taste
• 1 tablespoon olive oil
• 1 tablespoon unsalted butter
• 1 large bay leaf, fresh or dried
• 2 large garlic cloves, smashed
• 1/2 teaspoon dried thyme
• 2 yellow onions, cut into half-inch slices
• 2 medium carrots, peeled and cut into 1-inch pieces
• 1 tablespoon tomato paste
• 8 ounces button mushrooms, cleaned
• Red wine, enough to cover meat (see directions)

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