JACKSONVILLE, Fla. -- The eye of Hurricane Matthew is just off Florida's First Coast.

Now just 40 miles east of Jacksonville Beach, the worst of Hurricane Matthew will not strike the Bold New City of the South. Jacksonville is facing hurricane-force winds 5 miles inland from the coast and tropical storm-force winds throughout the First Coast.

Radar shows that the storm is between Ponte Vedra and St. Augustine as it slogs northward.

The storm has weakened to a category 2 hurricane with sustained winds of 110 mph and higher gusts.

Matthew is moving directly north at 12 mph. It is expected to make a turn toward the north-northeast sometime Saturday before moving away from the southeastern U.S.

Storm surge is expected for the St. Johns River from 6 to 9-foot as well as from Flagler Beach, Fla. up to Edisto Beach, S.C.

The hurricane is expected to drop 8 to 12 inches of rain over the next 48 hours.

Large parts of the First Coast are already seeing the effects of Hurricane Matthew. Click here for photos of Hurricane Matthew's damage.