As expectations for a December taper ramp up, one analyst told CNBC the Federal Reserve is set to implement a 'mini-taper' designed to get the ball rolling before its chairman steps down.
"I think what we'll see is a mini-taper... I would expect about $5 billion a month starting in December, not exactly the $10 or $15 or $20 billion dollars a month that people had feared. So they are going to kind of split the baby," Scott Nations, chief investment officer and president of Chicago-based NationsShares, told CNBC Asia's "Squawk Box" on Wednesday.
(Read more: Get ready, here it comes: A December taper)
Nations said one of the drivers for a December taper is the fact that Federal Reserve Chairman Ben Bernanke will want to start it before his term expires at the end of January.
"I've been talking about a fourth quarter taper for a long, long time. I think we are still going to see that, but it's only because Bernanke wants to begin the taper on his watch. And if he's going to start the taper, then he's going to have to pick up the pace, because his term ends pretty quickly," he added.