(Bloomberg) — Hurricane Sally made landfall in U.S. Gulf Coast, where it could inflict as much as $5 billion in damage and losses across Mississippi, Alabama, and the Florida Panhandle from "catastrophic" flooding in the region.

Sally came on land near Gulf Shores, Alabama, at 5:45 a.m. ET on Wednesday, Sept. 16, according to the National Hurricane Center. The storm had wind speeds of 105 miles (169 kilometers) per hour, making it a Category 2 hurricane on the five-step Saffir-Simpson scale, as it moves toward the coast at 3 mph.

"Historic, life-threatening flash flooding is likely," Dan Brown, a hurricane center forecaster, wrote in his outlook. "In addition, this rainfall will lead to widespread moderate to major flooding on area rivers."

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