Hurricane forecasters have their eyes on a tropical disturbance brewing off the coast of the Southeast United States that has a moderate chance of formation into a cyclone − but could become a tropical or subtropical depression as early as the Fourth of July holiday weekend.

On Thursday morning, the National Hurricane Center increased the chance to 50% over the next seven days. A tropical depression or storm could form as early as Sunday or Monday.

Florida is in for a wet weekend as the chances that a tropical system will develop continue to climb. The National Hurricane Center raised the likelihood of development for a potential system near the northeast coast of Florida to 60% in the next seven days - up from 40% the day before - and for the first time gave the system a 20% chance of strengthening in the next day or two.