Economy

Is 2018 on Track for a Bigger Than Average Storm Season?

Thinkstock

With Memorial Day quickly approaching, hurricane season is almost upon us. Last year Texas was rocked by one of the most devastating hurricanes this country has seen, so there’s no doubt that everyone will be watching the radar this year. In preparation, the National Oceanic and Atmospheric Administration (NOAA) has issued some predictions for the 2018 Atlantic season.

Essentially, forecasters are predicting a 35% chance of an above-normal season, a 40% chance of a near-normal season and a 25% chance of a below-normal season for the upcoming hurricane season.

NOAA’s forecasters predict a 70% chance that there will be 10 to 16 named storms (winds of 39 mile per hour or higher), of which five to nine could become hurricanes (winds of 74 mph or higher), including one to four major hurricanes (category 3, 4 or 5, with winds of 111 mph or higher).

Note that an average hurricane season produces 12 named storms, of which six become hurricanes, including three major hurricanes.

In addition to the Atlantic hurricane season outlook, NOAA also issued seasonal hurricane outlooks for the eastern and central Pacific basins. An 80% chance of a near-normal or above-normal season is predicted for both the eastern and central Pacific regions:

  • The eastern Pacific outlook calls for a 70% probability of 14 to 20 named storms, of which 7 to 12 are expected to become hurricanes, including 3 to 7 major hurricanes.
  • The central Pacific outlook calls for a 70% probability of 3 to 6 tropical cyclones, which includes tropical depressions, tropical storms and hurricanes.

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today.  Don’t miss these offers because they won’t be this good forever.

 

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.