Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared with the 25 basis point reduction for the benchmark funds rate.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease liquidity markets.The Fedread more
Stocks traded lower on Wednesday as traders digested the Federal Reserve's latest decision on U.S. monetary policy.US Marketsread more
The Federal Reserve dialed up its growth expectations slightly while keeping its inflation projection unchanged.Marketsread more
Federal Reserve Chairman Jerome Powell pledged that the central bank would engage in a "sequence" of interest rate cuts if conditions warrant, but he doesn't see that as...The Fedread more
This is a comparison of Wednesday's FOMC statement with the one issued on July 31 after the Fed's previous policymaking meeting.The Fedread more
The Federal Reserve cut rates Wednesday by 25 basis points to a range of 1.75% to 2.00%.The Fedread more
The Fed has become increasingly divided, with three officials voting against the Fed's quarter-point cut to the fed funds target rate range.Market Insiderread more
If you want to see value, Jim Cramer says take a look at t.
"We're beginning to get our momentum back," Chief Executive Muhtar Kent said on CNBC after the company released earnings. For example, Coke said global unit case volume rose 2% during the January-March period, a result that beat Wall Street forecasts.
However, when looking at Coke as a value proposition, Cramer said it's critical to look at cash management.
And on this metric, Coke shines.
"It has been very aggressive at creating 'sustainable shareholder value,' Cramer said. "Coke pays a heady dividend of $1.22 a share, that's a nine percent increase over last year. And it's increased the dividend every year for more than half a century. What high growth stock can lay claim to that accomplishment? Try none."
In addition, Cramer noted that Coke is actively reinventing its brand to unlock value. "I'm talking about things like the cool new aluminum bottle that's eye-grabbing, supplied by Alcoa."
And Cramer thinks strategic acquisitions made by Coke could generate value, too.
"Their intriguing stake in Keurig comes to mind, which, according to the company, 'Opens up an exciting new packaging format for our brands.'"
Of course, the stock presents some concerns too. Cramer believes a growing number of people will likely stop drinking both diet and regular sodas, instead switching to non-carbonated alternatives.
Although Coke sells a wide range of non-carbonated beverages, the sea-change presents significant long-term headwinds.
Read more from Mad Money with Jim Cramer
This missing component worries Cramer
Cramer: What do pros fear?
Cramer and 'Shark Tank' pro make picks
"Nonetheless, this quarter gives me confidence that Coke sees what has to be done, and that they will be economical and efficient as they make necessary changes," Cramer said.
"That's what value means. I think value always has a place in any diversified portfolio and if Coca Cola ever sells off here, I have to admit that as much as I don't like to drink it I would like to own it. "
Call Cramer: 1-800-743-CNBC
Questions for Cramer? email@example.com
Questions, comments, suggestions for the "Mad Money" website? firstname.lastname@example.org