The past few days have brought on a smattering of welcome news, not only for the US economy, but also for consumers and businesses which need good news the most.

A much-anticipated meeting by the Federal Reserve Board last Wednesday (Sept. 23) didn't bring any news that we haven't heard about already, as far as the average American is concerned.

Still no good news for savers. CD rates took another bashing this week as banks continued to cut their rate offerings despite some tentative signs of economic recovery.

CD rates this week continue to disappoint with more banks lowering their rates across all CD terms. As a result, weekly CD rate averages went down a few more basis points, with only the 36-month and 48-month CDs, hanging on to last week's average.

It remains to be a dismal week for CD savers with CD rates resuming their descent towards even lower levels. Of the banks monitored daily by My Bank Tracker, the CD rate average for all CD terms went down, albeit by only a few basis points.