About 50% chance of storm forming off Florida, says U.S. NHC By Reuters

Fed to skip hike in June, hop into long pause before jump to cuts: Morgan Stanley

About 50% chance of storm forming off Florida, says U.S. NHC

Published Jul 23, 2021 07:21PM ET

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About 50% chance of storm forming off Florida, says U.S. NHC

(Reuters) -An elongated low pressure system centered about 150 miles (241 km) east of Daytona Beach, Florida, now has a 50% chance of developing into a cyclone in the next 48 hours, the Miami-based National Hurricane Center (NHC) said on Friday.

"This system has become better organized since yesterday, and a tropical depression could form over the weekend while the low meanders offshore or near the Florida peninsula," the NHC said.

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