Yes! Keep in mind this will not work if you select a 2D or 3D style as those are effects baked in already. But if you aren’t using any of those options just scroll down in the Basic box until you see “Face” click on “show” on the right-hand side of that and from there you can adjust your color.  To wrap it up, there are a lot of reasons to add text to your projects. Don’t be afraid to play around and find something new that may work for you. Final Cut Pro adds a lot of flare to their text, so take advantage of that.