Updated

Hurricane Carlos has weakened slightly but is expected to regain punch, hovering stationary over the Pacific Ocean off Mexico.

The U.S. National Hurricane Center said the eye of the Category 1 hurricane was about 80 miles (130 kilometers) south-southwest of Acapulco and Carlos had top sustained winds of 74 mph (120 kph) by 8 a.m. EDT Sunday.

A hurricane warning extends from Punta San Telmo to Tecpan de Galean and a hurricane watch from west of Punta San Telmo to Manzanillo. A tropical storm warning runs east of Tecpan de Galeana to Punta Maldonado.

Carlos could eventually dump 6 to 10 inches of rain or more across four southwest Mexican states and cause life-threatening flash floods and mudslides, forecasters said.

It's the third hurricane of the 2015 eastern Pacific season.

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