Flood warnings and watches currently cover most of New England and much of New York. (Image: TWC)

(Bloomberg) — Joaquin is forecast to become a major hurricane by Saturday as it churns in the Atlantic, triggering hurricane warnings and watches for the Bahamas. Its course after crossing the island chain is still uncertain, the National Hurricane Center said.

Joaquin, now a Category 1 storm with winds of 80 miles (130 kilometers) per hour, was forecast to begin raking the central Bahamas with hurricane-force winds Thursday. The storm is about 215 miles east-northeast of those islands and is moving southwest at 6 mph, the Miami-based center said in an 11 a.m. advisory.

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