U.S. job growth was likely solid in May and wages probably picked up a bit, suggesting sufficient momentum in the economy for the Federal Reserve to raise interest rates later this year. The unemployment rate is expected to hold steady near a seven-year low of 5.4 percent. “While economic growth is not as strong as we would like it to be, we have seen some good economic data points,” said Karyn Cavanaugh, senior market strategist at Voya Investment Management in New York.