Rinse the long-grain white rice before cooking.

In the Instant Pot, combine the chicken or vegetable broth, diced tomatoes, chopped onion, minced garlic, cumin, chili powder, salt, and pepper.

Add the rinsed rice to the mixture and stir to combine.

Seal the Instant Pot lid and cook on high pressure for 20 minutes.

Allow the pressure to release naturally for 10 minutes, then quick release any remaining pressure.

Fluff the rice with a fork and stir in the chopped cilantro.

Serve with lime wedges on the side.