Beat the softened cream cheese and butter until light and fluffy, scraping the bowl as needed.
Add the sugar and beat until well combined.
Add the flour gradually on low speed, mixing only until incorporated.
Cover and refrigerate the dough for at least 45 minutes and up to 2 hours.
Heat the oven to 350°F and line baking sheets with parchment.
Roll the dough into balls, place them on the sheets, and press a thumbprint into each.
Fill each indentation with raspberry preserves.
Bake for about 12 minutes, until the edges are lightly golden.
Cool on the baking sheet briefly, then transfer to a rack.