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It seems that the new Premiere Pro version that came out a few weeks ago does not include the fast color corrector effect, it disappeared from my video effects list after I updated, has Adobe deleted this effect?
It's in the Legacy folder, for older projects that have it already
Actually, the "Obsolete" folder.
I know this was posted years ago but I very glad you kept the Fast Color Corrector. Speaking for myself and I know many others who still use it as part of their Color Correcting workflow. Since it was moved to the Obsolete folder, can we take that as it will not be completely removed? (I sure hope not:)
+1 on Lumetri. Yes, there is a slight impact on performance. If you rig is setup correctly, it should be negligible. I'm sure the fast CC will be gone in the next update, so start learning now.
Tip, start using the search bars in panels to quickly find things: